Uniswap Labs has acquired PONS, the token of the Robinhood Chain launchpad project, which generates $5.95 million in daily fees. Following the announcement, PONS surged to an all-time high above $0.52. The project team stated that the acquisition is aimed at achieving long-term strategic synergy.
Uniswap Labs bought PONS, the token tied to the Robinhood Chain launchpad project, Crypto.news reported. The project pulls in $5.95 million a day in fee revenue. Nice business.
Then the price jumped. PONS hit an all-time high above $0.52 after the news broke. On Thursday, the PONS team said Uniswap Labs made the acquisition for "long-term strategic synergy."
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