Robinhood Chain's native token PONS saw its market value briefly surpass $39 million, hitting a new all-time high.

BlockBeats News, July 21st, according to GMGN monitoring, the market cap of the Robinhood Chain ecosystem token PONS briefly exceeded $39 million, reaching a new all-time high. It is currently trading at $34 million, with a 24-hour increase of 110% and a trading volume of approximately $10 million during the same period.

PONS is the platform token of Pons, the native coin issuance platform of the Robinhood Chain. The platform supports the creation and issuance of fixed-supply tokens and uses the collected WETH fees to repurchase PONS, while the collected PONS fees are burned directly. It is regarded by some in the community as pump.fun on the Robinhood Chain.