Bonk Guy Says PONS Fundamentals Are Strengthening, Sees Circulating Market Cap Reaching at Least $5 Billion This Cycle

Crypto KOL Bonk Guy, known on X as @theunipcs, said PONS could break out of its current triangular consolidation and resume its climb, with the possibility of setting a new all-time high. In his view, the token has pulled back nearly 50% from its higher price levels, yet the protocol’s underlying metrics have kept improving. He pointed to several figures to support that stance. According to the data he cited, PONS has posted daily revenue of more than $1 million for the past two weeks. He also said 80% of protocol revenue is being used to buy back and burn PONS, and that the cumulative burn has already exceeded 30% of total token supply. Separately, he said the protocol continues to hold a 75% to 80% share of the token issuance platform market on Robinhood Chain. Bonk Guy added that PONS is generating about $829 million in annualized fees and roughly $159 million in annualized revenue, against a current market capitalization of about $430 million. He compared that with PUMP, which he said has annualized fees of about $1.115 billion, annualized revenue of about $460 million, and a market cap of around $1.75 billion. Based on that comparison, he argued that PONS could reach a circulating market cap of at least $5 billion in the current cycle.