Pons: 31% of the PONS token supply has been burned.

BlockBeats news, September 15: Robinhood Chain native token issuance platform Pons announced that 31% of the total supply of PONS has now been burned. Of that, the newly added burn in less than a week amounted to 1% of the total supply.

According to GMGN monitoring, Robinhood Chain ecosystem token PONS rose 20% in 24 hours, with its market cap now reported at $632 million.

PONS is the platform token of Pons, the native token issuance platform on Robinhood Chain. The platform supports the creation and issuance of fixed-supply tokens and uses the WETH fees it collects to buy back PONS, while the PONS fees it collects are directly burned. It is regarded by some community members as the Pump.fun on Robinhood Chain.

BlockBeats note: On-chain token trading is extremely volatile and relies heavily on market sentiment and concept speculation, with no actual value or use case. Investors should be aware of the risks.