Pons Meme Coin Launchpad Generates $6M in Fees, Boosts HOOD Stock

Pons, a meme coin launchpad, generated nearly $6 million in fees on Thursday, outperforming other platforms such as Pump and Hyperliquid. The platform allows anyone to create and launch a tradable token on Robinhood Chain for about $1, with Pons collecting a cut of every subsequent trade.

The platform saw nearly 25,000 new tokens launched through it on September 2 alone, up 19% from the prior day, with 24-hour trading volume hitting $544 million. Since July, Pons has produced roughly 646,000 tokens from more than 167,000 unique creator addresses.

Pons uses a portion of its retained fees to buy and burn its own PONS token, removing 29% of the original supply from circulation. This mechanism likely contributed to PONS surging 300% over the past week.