PONS, a token issuance platform on Robinhood, briefly pushed its market capitalization above $500 million early today, setting a fresh all-time high. On-chain data cited in the update also highlighted the wallet ranked first in single-token profit on PONS. The address began building its position 49 days ago, after the token’s market cap had reached $10 million, and spent a cumulative $113,700 to accumulate tokens. After PONS reached a $100 million market cap, the wallet reduced its holdings and recovered $117,100, enough to take back its principal. The address still holds tokens valued at $4 million, with a paper return of 35x. The figures were reported by Odaily in a 7x24 market brief.
PONS, a token issuance platform on Robinhood, briefly saw its market capitalization rise above $500 million early today, marking a new all-time high.
According to the figures cited by Odaily, the wallet ranked first for single-token profit on PONS started building its position 49 days ago, after the token’s market cap had reached $10 million, spending a total of $113,700. After PONS reached a $100 million market cap, the address trimmed its holdings and recovered $117,100 in principal. It still holds tokens worth $4 million, with a paper return of 35x.
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