Bonk Guy said in a post on X that PONS has kept improving on a fundamental basis during its recent consolidation period. He said that over the past two weeks, Pons has continued to generate more than $1 million in daily revenue even as interest around Robinhood Chain cooled. According to his post, 80% of protocol revenue is still being used to buy back and burn PONS, and more than 30% of the token supply has already been permanently destroyed. Bonk Guy also said Pons now holds roughly 75% to 80% of the Robinhood Chain Launchpad market. Based on current figures he cited, the protocol is running at about $829 million in annualized fees and $159 million in annualized revenue, while PONS has a market capitalization of around $430 million. For comparison, he put PUMP at roughly $1.115 billion in annualized fees, $460 million in annualized revenue, and a market capitalization of about $1.75 billion. Based on those figures, Bonk Guy said PONS could reach at least a $5 billion circulating market cap in this cycle, or more than 10x from current levels.
Odaily reported that Bonk Guy said in a post on X that PONS has continued to improve fundamentally during its recent consolidation phase.
He said that over the past two weeks, Pons has kept posting more than $1 million in daily revenue even as momentum around Robinhood Chain declined. According to the post, 80% of protocol revenue continues to be used for PONS buybacks and burns, and more than 30% of the token supply has already been permanently burned.
Bonk Guy added that Pons now accounts for about 75% to 80% of the Robinhood Chain Launchpad market. Based on the figures he cited, Pons is running at about $829 million in annualized fees and $159 million in annualized revenue, while PONS has a market capitalization of around $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 capitalization of roughly $1.75 billion.
Based on those numbers, Bonk Guy said PONS has a chance to reach at least a $5 billion circulating market cap in the current cycle, which would be more than 10x from current levels. He said the token could also break out of its consolidation range and set a new high.
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