Bonk Guy Calls PONS Again: Fundamentals Continue to Strengthen, This Cycle's Circulating Market Cap May Reach $5 billion

BlockBeats news, September 15: Crypto KOL Bonk Guy (@theunipcs) stated that PONS may break out of its current triangle consolidation range and rise again, not ruling out a new all-time high. He believes that while PONS has retraced nearly 50% from its high, the protocol's fundamentals continue to strengthen.

According to the data he cited, PONS protocol's daily revenue has consistently exceeded $1 million over the past two weeks, with 80% of protocol revenue used to buy back and burn PONS, with cumulative burns exceeding 30% of the token supply; the protocol's market share on the Robinhood Chain token issuance platform market remains at 75% to 80%.

Bonk Guy said that PONS's annualized fees and revenue are approximately $829 million and $159 million respectively, with a current market cap of about $430 million; in comparison, PUMP's annualized fees are about $1.115 billion, annualized revenue about $460 million, and market cap about $1.75 billion. Based on this, he judges that PONS's circulating market cap could reach at least $5 billion this cycle.