[PONS Market Cap Briefly Surpasses $158 Million, Sets New All-Time High] BlockBeats News, August 29: According to GMGN monitoring, the market cap of Robinhood Chain ecosystem token PONS briefly surpassed $158 million, setting a new all-time high, before retreating to $148 million. It saw a 24-hour increase of 29.20%, with a trading volume of approximately $15.3 million during the same period. PONS is the platform token of Pons, the native token issuance platform for Robinhood Chain. The platform supports the creation and issuance of fixed-supply tokens, with collected WETH fees used to buy back PONS and collected PONS fees directly burned. Some community members view it as the Pump.fun of Robinhood Chain. BlockBeats reminds users that the prices of such tokens are highly volatile, and investments should be made cautiously. [Original Link]