Bonk Guy said PONS fundamentals have improved during the recent consolidation period, with daily revenue staying above $1 million over the past two weeks even as interest in Robinhood Chain eased. According to Odaily, he said 80% of protocol revenue continues to be used to buy back and burn PONS, and more than 30% of the token supply has already been permanently destroyed.
He added that Pons now holds about 75% to 80% of the Robinhood Chain Launchpad market. Based on current data, annualized fees and revenue are about $829 million and $159 million, respectively, while PONS has a market capitalization of about $430 million. By comparison, PUMP has annualized fees and revenue of about $1.115 billion and $460 million, with a market capitalization of about $1.75 billion.
Bonk Guy said PONS has at least a chance to reach a circulating market capitalization of $5 billion in this cycle, more than 10 times its current level.