PONS Surges on Aggressive Buyback and Burn

The token PONS experienced a significant price surge of 5.16% over the last 27 hours, driven by a combination of factors.

The most direct catalyst for this move was a large-scale buyback and burn of PONS tokens, with reports indicating that between 1.2-2.2 million tokens were bought back and permanently burned.

This action not only tightened the circulating supply but also boosted market sentiment, as PONS ranked second in 24-hour cash spent on buybacks behind Hyperliquid and ahead of PUMP.

The ongoing aggressive burn narrative further reinforced the deflationary mechanics of the token, with roughly 30% of its original supply already burned.