Pons Listed on Binance Alpha Amid 80% Buyback Plan

Pons, an altcoin project, has been listed on Binance's Alpha platform. This move allows Pons to tap into Binance's massive user base and potentially benefit from increased liquidity. The listing comes as Pons is undertaking a series of buybacks, aiming to reduce its circulating supply by up to 80%.

The 80% buyback plan could help mitigate the impact of large-scale selling by whales, who have been known to move markets with their trades. However, some market observers may be skeptical about the project's ability to absorb such selling pressure.