Bonk Guy: PONS Fundamentals Continue to Improve, May Break Out of Consolidation Range to Hit New Highs
Source:
x.com
Bonk Guy posted on X platform that PONS fundamentals have continued to improve during the recent consolidation period. Over the past two weeks, even as Robinhood Chain hype somewhat declined, Pons daily revenue has consistently exceeded $1 million, with 80% of protocol revenue continuing to be used for buying back and burning PONS. More than 30% of the token supply has now been permanently burned. Additionally, Pons currently holds approximately 75% to 80% of the Robinhood Chain Launchpad market share. Based on current data, annualized fees and revenue are approximately $829 million and $159 million respectively, while PONS market cap stands at approximately $430 million. For comparison, PUMP's annualized fees and revenue are approximately $1.115 billion and $460 million respectively, with a market cap of approximately $1.75 billion.Bonk Guy stated that PONS has the potential to reach a circulating market cap of at least $5 billion this cycle, representing over a 10x increase from current levels.