Robinhood Chain Ecosystem Token PONS Market Cap Briefly Exceeds $39 Million, Hits All-Time High

On July 21, according to GMGN monitoring, the market cap of Robinhood Chain ecosystem token PONS briefly exceeded $39 million, hitting an all-time high. It is now reported at $34 million, up 110% in 24 hours, with a trading volume of approximately $10 million during the same period. PONS is the platform token of Pons, Robinhood Chain's native token issuance platform. The platform supports the creation and issuance of fixed-supply tokens. It uses collected WETH fees to buy back PONS and directly burns collected PONS fees. It is considered by some communities as pump.fun on Robinhood Chain.