PONS Buybacks Face Whale Selling Pressure as Demand Skyrockets

PONS, a non-custodial token launchpad, has seen significant growth since its inception, processing over $5 billion in two months. The token's success can be attributed to the speculation surrounding Robinhood Chain.

The addition of PONS to Binance Alpha on September 2nd further amplified this momentum, with the price surging to $0.52 shortly after listing.

This growth is reflected in the increasing transaction volume, which rose from under $100 million in August to over $500 million by the end of the month.

The PONS buyback engine plays a crucial role in this growth, with 80% of revenue flowing towards buybacks. This translates to approximately $640,000-$800,000 in daily buying power.

A notable example of the concentrated supply risk is Ogle, a World Liberty Financial adviser, who turned an initial $4,997 investment into a position worth roughly $5.4 million. This creates significant unrealized gains that could be paid out by the project.