PONS, a Robinhood ecosystem token, briefly pushed its market capitalization above $80 million, according to GMGN market data, marking a fresh all-time high. The token was later quoted at about $79.4 million in market cap terms.
The move comes after Pons previously said that 28.52% of the token’s total supply had been burned. The project also said Pons Treasury continues to use 80% of protocol fee revenue to buy more PONS. Those two points were part of the project’s earlier token and treasury update cited alongside the market move.
No other trading metrics were disclosed in the source update. The report only referenced GMGN market data for the market cap milestone and the latest reading near $79.4 million.
PONS, a Robinhood ecosystem token, briefly saw its market capitalization rise above $80 million, according to GMGN market data, setting another all-time high. It was later quoted at about $79.4 million.
Pons previously said that 28.52% of the token’s total supply has been burned. Pons Treasury continues to use 80% of protocol fee revenue to accumulate PONS.
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