The heat left the room. Say it clean.
Combined 24h protocol take is ~$305k. Fees ~$2.03M. 7d protocol revenue sitting at $3.63M. Volume ~$42M in the last day.
Compare that to early September and it is a smaller machine. Not broken. Just slower. Buybacks followed the fees down. That’s how this design works. Less flow, less burn pressure.
Chart bounced a little. $PONS around $0.60–$0.61. Mcap ~$415–$420M. Still a long way under $0.97.
What I am watching instead of the daily rank:
Pendle window is Sept 24. Selected Pons assets get a yield market. That is a new audience, not the same launchpad crowd refreshing Llama.
New web first, then iOS. Team already floated invite-code access so they can stress the backend. If that front end is actually faster and people can launch from their phone later, attention can come back the same way it left.
I am not calling a rip from a product tease. I am saying the cooldown is real, the 30d print still shows the business existed at scale, and the next catalyst is distribution, not another hopium 24h table.
Holding through the quiet. $PONS.
Cumberland didn’t fade the dip.
20.39M $PONS.
$12.08M bag.
Still sitting in the wallet.
While people argued “too high,” a market maker kept stacking.
Robinhood Chain is early. PONS is the app leading it. Do the math.
Sept 20. Straight talk.
Revenue is down. Not a vibe. The numbers.
Peak week $Pons was printing $5M–$8M fee days and protocol revenue near $0.9M–$1M+. Now:
24h protocol revenue $471k 24h holders revenue $150k 7d protocol revenue $4.39M 7d fees $27.4M
30d still looks huge at $138M fees and $24.3M protocol revenue because that window still carries the September spike. Strip the spike out and the last 7 days cooled hard. Price followed. ~$0.59. Mcap ~$407M. Off the $0.97 high.
That’s the truth. Attention left. Weekend volume left. Buybacks slowed with the fees.
Why I’m still holding:
the engine did not die. It just stopped being manic. A quiet Sunday still did ~$3M in fees. Supply is still being burned. The cut is still real.
Next attention window is product, not another hopium candle. New web + Pons app is the obvious re-entry point for the community. Mobile is already in iOS testing, public beta is on the Q4 map. If that ships clean, launches get easier, more wallets show up, fees can expand again. Pendle on the 24th is the nearer date on the calendar.
No guarantee it rips the second it drops. But this protocol already proved it can print when the front end is busy. If the new site and app pull the crowd back, revenue has room to go higher from this cooled base. $PONS.
Robinhood Chain is still early.
I think it leads the next bull market, and $PONS leads Robinhood Chain.
People say PONS is too high. Compare it properly.
$PUMP already did a billion+ market cap. A huge part of that supply is still locked and waiting to unlock.
PONS already burned ~31% of supply. No giant unlock hanging over it. Fees go back into buybacks. Wintermute and Cumberland accumulated. Uniswap Labs bought for alignment. The biggest Hyperliquid short just closed.
You don’t need to be a genius. Just do the math.
Early chain. Leading launchpad. Shrinking supply. Real fees. That’s the trade.
NFA.
$PONS recap so people stop asking
Pons is the main launchpad on Robinhood Chain. Real fees, real burns. ~31% of supply already gone. Price went from ~$0.003 in July to $0.97 ATH on Sept 5. Sitting around $0.63–0.65 now.
Who actually bought:
• Wintermute TWAP’d on Uniswap. Arkham tagged 3.43M tokens ($2.4–3M). Classic MM inventory move.
• Cumberland pulled ~17.6M off Gate over two weeks, avg ~$0.67. Peak bag ~11.2M / $6.76M. Started sending a little back on the 16th. Looks like inventory, not a full exit.
• Uniswap Labs bought an undisclosed amount “for long-term alignment” after launching a competing launchpad on the same chain. Pons still feeds a huge chunk of UNI V4 volume on RH chain.
Loracle (the big Hyperliquid short): Closed the fat 3x short (25–27.5M tokens) on Sept 18. +$1.35M realized. Also closed CASHCAT for another +$1.03M. Reopened a tiny short ($330k) around $0.713 and is adding. The giant squeeze target is gone. He’s still fading rips, just with no size.
Why people are still long: Fees → buybacks → burns every cycle. Two major MMs warehousing inventory. Uniswap Labs on the cap table. Big short off the book.
This is still a high-beta launchpad token. Volume dies, the loop dies. But the “who’s actually holding this” picture is a lot cleaner than most memes at this market cap.
NFA. Do your own work.
Sept 19. Weekend tape. Still holding $PONS.
Price cooled to ~$0.68. Mcap ~$465M. That is the only thing that got quieter.
The launchpad did not:
24h fees $2.94M 24h protocol revenue $448k 24h volume $50.3M 30d fees $135.5M 30d protocol revenue $23.9M 30d volume $2.24B lifetime protocol revenue now over $30M
Supply still getting eaten. ~313.8M burned. 31.4% of 1B gone. ~686M left. Holders over 98k.
Stonk can take the Saturday headline. Cool. Pons is still the one printing almost $3M in fees on a rest day, then routing the protocol cut into the burn.
This is the part people miss on weekends: when the chart sleeps, the factory doesn’t.
I’m not trading a 24h podium. I’m sitting on the fee engine and a shrinking supply.
$PONS. Weekend. Still on. Still holding.
Yesterday people argued about a $378k day. Today the machine is back on:
24h fees: $3.03M 24h protocol revenue: $473k 24h holders revenue: $506k 24h volume: $49.4M
30d still the real scoreboard: fees $132.9M protocol revenue $23.5M holders buybacks $14.5M volume $2.19B
That’s not a narrative. That’s a factory.
Supply started at 1B. ~313.7M already gone. About 31.4% burned. Circ is ~686M. Mcap around $486M–$502M at ~$0.71–$0.73.
The part I actually care about: creators still get paid first, so launches don’t die. protocol keeps enough to run the TWAP. 80% of that slice keeps buying $PONS and sending it to the dead address.
Pump can win the 24h headline. Fine. Pons is two months old and already doing $133M in monthly fees on a brand new chain.
I don’t need a flip post. I need the fee engine on and the supply going one direction.
$PONS. Still printing. Still burning. Still in the bag.
Today on MCG
$PONS | @ponsdotfamily w/@MEADGod
Pons is a non-custodial token launchpad built exclusively for the Robinhood Chain
Highlights include:
00:10 - Intro to Ozzy
01:37 - Current position as a launchpad
03:20 - No launchpad fights right now for Pons
04:03 - Whitelisting tokens on Pons
06:30 - Future Plans on Robinhood chain
07:23 - ETH meme comeback
09:20 - RWA penny stock surge
10:03 - Relationship with @Uniswap
13:11 - Moved to V4 hooks
15:30 - V4 hooks explained
19:15 - Simple frontend and complex backend
21:51 - Won't buy own/endorse tokens
24:45 - Any future partnerships
25:18 - Web-app for Pons
27:42 - Launch tokens via imessages
29:15 - Insane Volume($13.5B)
29:49 - Fastest growing Start-up Globally
31:11 - The chinese coming on Robinhood
31:57 - What's next for pons
Most people stare at the 24h print. That’s the trap.
$PONS just printed $378k in a quiet day and people call it “3rd.” Same protocol did ~$23.1M protocol revenue in 30 days, on a chain that didn’t even exist in June.
Read it properly:
• $130M+ in fees over 30 days • protocol keeps ~$23M of that • ~80% of that slice goes to buybacks and burns • supply already cut by ~29–31% • V2 is doing the heavy lifting, V1 is leftover noise
24h is a mood. 30d is the business.
Pump still wins raw size. That’s fine. Pump had two years. Pons had weeks.
What I like as a holder: creators eat first, so volume stays sticky. protocol still keeps enough to force a mechanical bid. chain is new, fee take is aggressive, and the token is the sink.
I’m not here for a one-day flip vs $STONK. I’m here because the fee engine is already real and the supply is shrinking while people argue about yesterday’s candle.
$PONS. Quiet day. Still printing. Still burning. Still holding.