Uniswap Backs PONS in High-Stakes Partnership Move

Uniswap Labs has acquired a stake in PONS as part of a longer-term partnership, sending the token to an all-time high of $0.75.

The investment comes on the heels of PONS' explosive growth, which has seen it gain over 1,769% in 14 days and over 2,713% in one month.

PONS has also seen significant trading activity, with $151.8 million changing hands over the past day.

The project's deflationary structure, which burns 29.34% of supply and directs 80% of fees toward buybacks and burns, is also contributing to its rally.