Bonk Guy: If PONS is benchmarked against PUMP, it may currently be severely undervalued and worth continued attention.

BlockBeats news, September 29: Renowned trader Bonk Guy posted that market sentiment toward PONS may have dropped to a long-term low. Its comparable project PUMP currently has a market cap of about $2.7 billion, up 17% today. PONS has annualized revenue of about $156.8 million and a market cap of about $375 million, corresponding to an annualized revenue multiple of about 2.39x; PUMP has annualized revenue of about $463.6 million, corresponding to a market cap of about $2.7 billion, with an annualized revenue multiple of about 5.82x.

PUMP is the dominant Launchpad in the Solana ecosystem, while PONS is the dominant Launchpad on Robinhood Chain. If Robinhood Chain can still maintain a certain level of ecosystem activity in the future, the gap between PONS's current valuation and its revenue scale may be worth watching.