Uniswap Labs Purchase Sends Pons to Record High

Pons (PONS) has surged to a new all-time high of $0.73 after Uniswap Labs disclosed its purchase of the meme coin.

The announcement drove PONS price roughly 41% higher in a single day, extending one of the crypto market's strongest recent rallies.

Pons has gained approximately 2,534.7% over the past month and 407.7% in seven days, according to CoinGecko data, outperforming other launchpad tokens that rose about 5.7% over the same weekly period.

The Uniswap Labs purchase strengthens an existing relationship between the two projects, but neither party disclosed how many PONS tokens were purchased or the transaction price.