PONS's market cap briefly surpassed $990 million this morning, setting a new all-time high.

BlockBeats News, September 6 - According to GMGN market data, Robinhood chain token PONS briefly surpassed a market cap of $990 million this morning, setting a new all-time high, before pulling back to $860 million. It is up 28% in 24 hours with a 24-hour trading volume of $109.2 million.

PONS is the platform token of Pons, the native token issuance platform on Robinhood Chain. The platform supports the creation and issuance of tokens with a fixed supply, uses collected WETH fees to buy back PONS, and directly burns collected PONS fees. It is regarded by some in the community as the Pump.fun on Robinhood Chain.

BlockBeats reminds users that such tokens are subject to significant price volatility, and investment should be approached with caution.