Bonk Guy: PONS remains one of the most underrated protocols in crypto, and the market cannot continue to ignore it.

BlockBeats news, September 10 — Renowned trader Bonk Guy posted a bullish take on PONS: the platform generated $1.34 million in revenue in just one day today, and the day isn't even over yet. Even as the Robinhood chain has cooled off these past few days, PONS still delivers approximately $2.02 million in annualized revenue and a $4.34 million market cap, with $3.7 million remaining in the buyback wallet and still piling up rapidly. These funds will be used to buy PONS tokens on the market via TWAP (time-weighted average price) orders, while new revenue is coming in faster than the buyback wallet can spend it.

Based on this, Bonk Guy argues: a protocol with over $2 million in annualized revenue is only worth a $4.34 million market cap, which amounts to "something worth tens of millions selling for pennies." PONS remains one of the most undervalued protocols in crypto, and the market cannot keep ignoring it.

Note: PONS is currently the largest position in Bonk Guy's portfolio, valued at $6.9837 million, with a return of 10213.81%.