PONS market cap briefly breaks $500 million to hit a new all-time high, 29.34% of total supply burned

According to GMGN data reported by Odaily, PONS's market cap briefly surpassed the $500 million mark to set a new record high, and is currently reported at $473 million, with a 24-hour increase of 41.9%.

Additionally, Pons stated that to date, 29.34% of the total PONS token supply has been burned, and 80% of the fees generated by the protocol will continue to be used to buy back PONS. Token creators on the platform have cumulatively earned $34 million in revenue so far.

Odaily reminds users that Meme coin prices are highly volatile, and investors should participate with caution.