Trader Banks $800k on Meme Coin That Skyrockets 18x in Weeks
A crypto trader has made an astonishing profit on their investment in Pons (PONS), one of the fastest-growing projects on the Robinhood Chain. The trader initially invested $44,300 when the token was valued at a $3.7 million market cap and acquired just over 1% of its total supply. Since then, PONS has surged to a record $57 million market cap before stabilizing around $51 million on July 27, with a daily rally of 21%. The initial investment is now worth approximately $811,000, representing an impressive 18.3x return.
The trader's overall holdings are valued at over $858,000, all in Robinhood projects. They hold around 12.65 million PONS tokens and smaller amounts of Yolo (YOLO), Juggernaut (JGN), and Hoodrat (HOODRAT). The rally is attributed to growing adoption of the Pons platform and anticipation surrounding its upcoming V2 upgrade.
The new features will introduce an Ethereum (ETH) bonding curve, integrate Uniswap V4, and support trading pairs featuring stablecoins and tokenized equities. This expansion will combine memecoins with real-world asset infrastructure, which has seen tokenized real-world assets on Robinhood rise fivefold in under two weeks.