Robinhood Chain's native token PONS briefly surged to a market capitalization of over $56 million, hitting an all-time high.

BlockBeats News, July 26th, according to GMGN monitoring, the market cap of the Robinhood Chain ecosystem token PONS briefly exceeded $56 million, reaching a new all-time high. It is currently priced at $51.56 million, up 28.5% in the past 24 hours, with a trading volume of approximately $4.1 million during the same period.

PONS is the platform token of Pons, the native coin issuance platform on the Robinhood Chain. The platform supports the creation and issuance of fixed supply tokens, and uses the collected WETH fees to buy back PONS and directly burns the received PONS fees. It is considered by some in the community as pump.fun on the Robinhood Chain.