PONS Token Surges 18,000% to Top Robinhood Chain
PONS, the token powering Robinhood Chain's primary meme coin factory, flipped CASHCAT for the top spot following an 18,000% run.
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Key takeaways
- PONS flipped CASHCAT to become the top token by market cap on Robinhood Chain.
- The cryptocurrency has surged 18,000% since July.
- PONS powers the primary meme coin factory on the network.
Robinhood Chain has a new leader. PONS, the native asset powering the network's largest meme coin factory, just flipped CASHCAT to become the chain's biggest cryptocurrency by market cap.
Its price action looks straight out of a textbook hockey stick setup. PONS has surged 18,000% since July, easily outpacing every rival token on the network to take the top spot.
Why it matters
Meme coin launchpads keep driving the bulk of trading volume on emerging networks. This 18,000% run shows just how fast speculative capital gathers around a single utility token. But vertical charts like this carry serious risk—late arrivals face brutal volatility.
Source: Decrypt
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Daniel Okoro
Daniel tracks crypto regulation and policy across the US, EU and Asia, with a decade in financial journalism.
