**[Bonk Guy: PONS May Face "Fundamental Revaluation," Buyback Wallet Balance Nears $3 Million]** Deep Tide TechFlow reports that on September 8, trader Bonk Guy stated that PONS' daily revenue over the past week mostly ranged between $1.3 million and $2 million, with no single day falling below $1.1 million in the last seven days. Meanwhile, the PONS buyback wallet has accumulated nearly $3 million in funds, which are being used for continuous buybacks of PONS through the TWAP method. Additionally, the replenishment rate of fee income currently exceeds the rate at which buyback funds are consumed. Bonk Guy noted that approximately 30% of PONS' token supply has been repurchased and burned through transaction fees. Based on the current price of $0.736, its actual circulating market cap is approximately $515 million, rather than the $736 million calculated based on FDV. Furthermore, PONS recently achieved a record-high market share of 80% on Robinhood Chain, maintaining a range of 75% to 80% for most of the past week. Last Saturday, the number of tokens launched in a single day reached 28,560, and approximately 27,600 tokens were launched in the past 24 hours. Bonk Guy believes that despite a cooling trend in Robinhood Chain's popularity, PONS' market share, token issuance volume, and revenue continue to rise, demonstrating its further consolidation of dominance in the on-chain launchpad sector.