Back in March, a trader known as 0x194 snapped up over 1% of PONS token supply for $44,300. Since then, the memecoin on Robinhood Chain has exploded in value, pushing that investment close to $1 million.
PONS has established itself as the top memecoin on the Robinhood Chain, fueling a surge in demand and ecosystem activity. The token’s market cap was around $3.7 million at the time of that purchase, but it has since soared, reflecting the project's rapid adoption among users.
Crypto analyst GEM INSIDER notes that while most attention was on CASHCAT, PONS quietly became the dominant force on the network. The project has now surpassed 150,000 launches, pulls in over $1 million in weekly revenue, and accounts for nearly 80% of the chain’s trading volume.
Investors are eyeing the upcoming V2 upgrade as a key moment. This release is expected to boost the token’s utility and attract more users, with some market watchers viewing recent dips as prime buying chances. The team is targeting a $100 million valuation after the update.
Meanwhile, the project has burned more than 22% of its total token supply roughly $11.5 million worth permanently removing these tokens from circulation. This burn stands as one of the largest tokenomic events in PONS’s history, reinforcing bullish sentiment on its future prospects.
This content is for informational purposes and does not constitute financial advice.
