Pons, the native token issuance platform on Robinhood Chain, said 31% of the total PONS supply has now been burned. The platform added that newly burned tokens over the past less-than-one-week period accounted for another 1% of total supply. GMGN data showed that PONS, a token in the Robinhood Chain ecosystem, was up 20% over the past 24 hours, with its market capitalization at $632 million at the time of reporting. PONS serves as the platform token of Pons, which supports the creation and issuance of fixed-supply tokens. According to the project description cited in the report, WETH fees collected by the platform are used to buy back PONS, while PONS-denominated fees are burned directly. Some community members have described Pons as Robinhood Chain’s version of Pump.fun. BlockBeats also noted that on-chain token trading can be highly volatile, often driven by market sentiment and narrative speculation, and warned investors to pay attention to risk.
BlockBeats reported on Sept. 15 that Pons, the native token issuance platform on Robinhood Chain, said 31% of the total PONS supply has already been burned.
The announcement said the amount burned in less than the past week was equal to 1% of total supply.
According to GMGN monitoring, PONS, a Robinhood Chain ecosystem token, rose 20% in the past 24 hours. Its market capitalization was reported at $632 million.
PONS is the platform token of Pons, a native token launch platform on Robinhood Chain. The platform supports the creation and issuance of fixed-supply tokens. It uses collected WETH fees to buy back PONS, while PONS fees collected by the platform are burned directly. Some in the community view it as Robinhood Chain’s version of Pump.fun.
BlockBeats added that on-chain token trading is highly volatile and often depends on market sentiment and theme-driven speculation rather than practical value or real use cases, and said investors should be mindful of the risks.
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