#Gate广场中秋团圆局

$PONS ‌#RobinhoodEcosystemReboundsPONSUp23.6%
PONS returned to near $0.61, with the token recording a gain of about 23.6%, but the more important question is whether this is just another rotation into meme tokens or whether the market is repricing a token backed by measurable on-chain activity.
The latest data makes the picture more interesting, as three forces are now moving together: PONS’s price recovery, Robinhood Chain’s fee growth, and the aggressive reduction in supply.
🥇 1. Price structure: $0.61 is the first technical checkpoint
After the sharp rise in September, PONS entered a strong correction from its previous peak. Therefore, the current move toward $0.61 is more important as a potential recovery attempt than as an isolated 24-hour gain.
The first technical task for buyers is to turn the $0.60–$0.62 area into support. If buyers can hold above this area after the initial rebound, the next resistance zone will be around $0.65–$0.70, where the previous momentum may encounter renewed selling.
A clear breakout above $0.70, accompanied by expanding trading volume, would improve the short-term structure and could reopen the path toward $0.80–$0.90. Above that, the market would begin looking toward the previous peak near $0.97.
The opposite scenario is equally important. If PONS fails to hold $0.60 and falls back below $0.55, the rebound will look more like a temporary short-covering move. A deeper loss of $0.50 would weaken the recovery structure and shift attention toward the lower support zones formed during the correction.
Therefore, the technical signal is not simply that “PONS rose 23.6%.”
It is the token’s ability to turn the rebound into a higher low.
🥈 2. Fundamental confirmation comes from Robinhood Chain activity
This is where PONS’s story stands out from ordinary speculative meme-token activity.
Robinhood Chain recorded record fees of about $6 million on September 4, while fees over the previous seven days reached around $25 million, compared with just $1.4 million in the previous week. That represents a roughly 17-fold weekly increase. At the same time, weekly DEX trading volume reached about $12.4 billion, more than double the previous week’s level.
PONS was the main driver behind this surge in activity.
CoinDesk reported that PONS generated about $5.95 million in fees over 24 hours around September 3, while its 24-hour trading volume reached approximately $544 million. The launchpad had also issued tens of thousands of new tokens as activity accelerated.
There is an important distinction here: network-wide fees differ from PONS protocol fees, so the network’s record $6 million figure should not automatically be considered to have been generated entirely by PONS. However, the connection between the boom in PONS’s launchpad and Robinhood Chain’s record activity is undeniable.
The broader network also reported $34.6 billion in DEX trading volume, 576 million transactions, and 12.3 million addresses since launch, although these figures are associated with the company and should be treated as disclosed ecosystem metrics rather than independently audited figures.
This changes the investment narrative from “PONS’s price is surging” to a more interesting question:
Can PONS continue converting token launches and trading activity into sustainable protocol revenue?
🥉 3. 31% of supply burned — the deflationary side of the equation
The latest development concerns the supply mechanism.
Pons announced on September 15 that around 31% of PONS’s total supply had now been burned, with 1% of the supply destroyed in the past week alone.
This matters because there is a direct relationship between protocol activity and PONS’s tokenomics. Earlier reports showed that around 80% of the revenue generated by PONS was directed toward token buybacks, with more than 28% of the supply already burned at that stage.
This creates a potential reinforcing loop:
More launches → more trading → higher protocol fees → more buybacks → more tokens removed → more limited supply → stronger scarcity narrative.
But there is one crucial condition: the activity must remain genuine.
Earlier DefiLlama data showed how quickly Pons’s fees accelerated from around $150K per day to millions of dollars, illustrating the enormous growth rate but also highlighting the model’s reflexive nature.
If token launches and trading volumes decline sharply, the fee-generation mechanism could weaken just as quickly. The burn mechanism cannot always compensate for a decline in economic activity.
This makes the next phase far more interesting than the initial surge.
At $0.61, the market is testing whether PONS can build a sustainable recovery around actual use rather than speculation alone.
My technical roadmap is clear:
Bullish: hold $0.60–$0.62 → reclaim $0.65–$0.70 → break toward $0.80–$0.90 → previous peak near $0.97.
Neutral: price remains between $0.55 and $0.70, while trading volume and fees determine the next direction.
Bearish: lose $0.55 → $0.50 becomes the key psychological support level; failure there would signal that the 23.6% rebound is losing momentum.
Therefore, the strongest signal to watch is not PONS’s price alone, but the combination of price + trading volume + protocol fees + new launches + burn rate.
If these metrics continue expanding together, the rebound to $0.61 could represent the next phase of a genuine on-chain growth cycle. But if the price rises while fees, volume, and launches deteriorate, it will become much harder to justify the move fundamentally.
PONS has already proven that a launchpad can become one of the largest economic drivers on Robinhood Chain. The next challenge is proving that the reinforcing loop can endure after the initial speculative wave subsides. @Gate_Square @Gate Launch