The Robinhood ecosystem token PONS has surged to a new all-time high, briefly surpassing a $83 million market capitalization.

BlockBeats News, August 24th, according to GMGN data, the market capitalization of the Robinhood Chain ecosystem token PONS briefly exceeded $83 million, reaching a new all-time high. It is currently trading at $79.5 million, up 93.1% in the past 24 hours, with a trading volume of approximately $18.8 million during the same period.

PONS is the platform token of Pons, the native token issuance platform of the Robinhood Chain. The platform supports the creation and issuance of fixed supply tokens, and the WETH fees collected will be used to repurchase PONS, while the PONS fees collected will be burned directly. It is considered by some in the community as the Pump.fun on the Robinhood Chain.

BlockBeats reminds users to be cautious as token prices are highly volatile.