$stonk is copying ⬆️ $pons’ route. We can’t help but admire the unity of the sol chain—every protocol ecosystem’s officials are waving banners and shouting encouragement.
RH chain has gone through three rounds since its mainnet launch in July.
The first round in early July was pure meme. Chain mascots like CASHCAT and HOODRAT drew in capital and attention.
The second round in mid-August saw a deep pullback, leaving only about five coins with values above $10M on-chain.
The third round at the end of August: PONS and <币股 $AI > took over liquidity. Capital shifted from pure cat-and-dog trading to launchpad buybacks and coin-stock pairing.
Now we are in the pullback phase of the third round. In the timeline, many people are bearish, saying the market is over.
I don’t see it that way. Since the launch, the market has hardly taken real breaks—so a pullback is normal.
【What to choose, when to enter】
What I’m thinking is to wait until earnings stabilize. It doesn’t necessarily need to return to the highs. Instead, daily income should enter a normalized range—each day stabilizing at a certain level. Once it reaches that stage, then choose targets. Certainty would be much higher than at the current left-side stage.
This is also inspired by @0xcryptowizard’s “AI MEME” theory from the previous cycle. In that theory, the first vote is for emotion/ignition, and the second vote is for the target that can “catch and absorb the incremental capital” after the track is validated.
All these points need to be satisfied: • Top pullback of 80%+ • Not a pure sentiment-driven market: team/framework/ • The holders haven’t finished distributing yet; we still need to see ongoing value/empowerment later
Of course, RH may be counting as the third wave.
First choice is PONS: it’s the Pump on RH. Daily launches can be in the tens of thousands, and its share is about 80%. What emerges from here and can still be watched: first, the platform coin $PONS itself; and second, the few surviving memes, like UBIK and MICRODUCK.
Of course, 90% of the tickets don’t have a second wave—only the first-wave clearing.
LONG feels more like a “new gameplay validation platform.” It specifically does stock token pairing.
LONG hasn’t issued a separate super-strong platform coin. The market has been trading $AI as its “actual platform ticket.”
$AI / NVDA: the #1 coin-stock leader, about 180 million $BONER / HIMS: second place, peak around 55 million to 70 million; currently capital is still around 30 million picking up
STONKBROKER coin-stock track infrastructure, similar to AI: the mechanism is there, not pure sentiment.
Next down are thinner pairings like SPACEHOOD / SPCX, MOO / MU, etc.
【Pure sentiment can only be defensive】
I really like pure memes, but in this stage a pure sentiment-driven market can only be used as a defensive position. CASHCAT is an on-chain sentiment anchor. It died once in July and then made new highs—showing RH still recognizes this symbol. But the cat concept itself has no framework and no revenue, so it can be ignored.
MICRODUCK is similar as well. Pure meme looks good, of course it doesn’t meet the first-principles coin-selection standard—the core position is still PONS.
Overall, the market is still tied to the RH chain and the broader market. When the leaders strengthen, everything can bloom broadly.
$PONS has received many callbacks; there are a lot of bearish voices, and many people say the market has ended.
Let’s compare: in crypto, how many projects there are that have not even made a single penny in revenue, propping up market cap purely on air.
PONS’ daily revenue is still around 1 million. It can destroy up to 800,000 per day. For other protocols, it’s hard to find a second one like this. Among all protocols, its revenue still ranks in the top ten. It completely overwhelms many so-called “king” projects. With a fully circulating market cap of only 460 million and 30% of the supply already burned—plus there’s no VC unlock—
Revenue decline doesn’t mean the fundamentals have collapsed. This market cycle, from when it kicked off to now, hasn’t really taken much of a break. The key is when a turning point appears. In the previous bull leg, it only moved up after revenue had bottomed out.
Last time, consolidation lasted about 10 days—how long will it be this time?
The latest @termix_ai Agent Skill update is now at v1.7.0. With the Agent, you can directly search for services, post requirements, review quotes, and submit deliveries.
The skill pack has been integrated into Claude, removing the need for manual clicking to place orders.
Claude Code command: /plugin marketplace add TermiX-official/termix-agent-skills
If you're interested, you can install the skill and try it out 👀
Also, @termix_ai is live on http://agent.family with the Robinhood Chain, and with BNB Chain and Base added, there are now three chains in total.
I checked the services listed on http://agent.family—some are already operating. The fee is around 2%, which is clearly lower than traditional outsourcing platforms.
Remember to complete the basic task points. Another thing is that the points for writing articles are quite high. The helper currently has over 40,000 points. If you have written anything besides your participation part with Kaito, remember to upload it to the website—up to two articles per day. The score weighting is very high.
I think Pump entering the battle is actually a good thing—even though in the short term it will indeed divert some share.
If you think about it another way, isn’t it also about making the “stock-coin meta” cake bigger?
This round of on-chain bulls doesn’t feel like an ending; it feels more like a shift from RH’s coin-and-stock market cycle to the middle stage of a “multichain launchpad + stock-coin/RWA hybrid.”
Right now, several platforms are still seeing daily fees in the millions of dollars—those kind of circumstances only show up in the middle of a bull market.
Believe that in the next phase, the tickets in your hands will fly even higher.
Pumpfun just announced the opening of the coin-stocks market So many FOMO riders are dumping their front ends just now The bull market is over— is it all over now?
Nothing much to do these days, so I just jumped in🐶 Come on and head over to @fablesfi to farm LP and rack up points
TVL has reached 16.7M. For now, the group’s ETH/USDG is quite stable—no impermanent loss, no loss. Looks like we even made a dozen or so dollars in fees. I joined for three days, and my RANK is 711.
I整理 the main viewpoints on X about the current round’s price of $PONS .
Current status: price is $0.75–0.85, circulating market cap is about 550–600 million, and circulating supply is about 700 million coins (the original 1 billion was already burned by 30%), and there are no VC unlocks.
Deflation logic: the platform transaction fee agreement takes 30%; of that, 80% automatically buys back and burns, with daily revenue in the range of millions of USD.
A few common price anchors:
→ $1 (about 700 million market cap) — a short-term psychological level; it should be reached in the next couple of days
→ 1 billion market cap — the next fairly reasonable stop for this round
→ 2–5 billion market cap ($3–7) — if RH chain hype can keep going, many people think this range is worth discussing
→ 8 billion — a somewhat optimistic scenario that requires RH chain to become this cycle’s main chain plus continued explosive growth in meme/stock tokens
@theunipcs (Bonk Guy): his logic is that PONS takes up 75–80% of the RH launchpad market; tokenomics are more attractive than $PUMP , and pullbacks are the buy-the-dip opportunity.
Some people also estimate using revenue multiples: PONS daily revenue isn’t low; with 80% buyback, lots of burning, and no unlocks, the valuation multiple could be higher than PUMP.
Key risks: the launch platform is highly dependent on on-chain activity and the meme season.
A few days ago, @axisrobotics updated and added a new task level called Challenger.
Previously, all tasks on Hub were open—anyone could do them. Now, the harder batch has been separated out and given its own tier.
How to check if you’re eligible: go to your Portfolio and see whether the Seek the Unseen badge is lit up.
If it’s lit, you can do Challenger tasks, and you’ll get 2–3x more points.
If it isn’t lit, you can continue doing regular tasks to improve your pass rate. Also, cover more types of tasks—don’t just do one kind.
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A batch of Challenger tasks is released every Monday at 16:00 SGT—about 20–50 tasks.
It’s more advantageous for veteran players and those who are particularly good. You may have a chance to earn more, and the proportion of airdrops you receive may also be higher.
Do you remember how after Trump launched, I basically lost everything And then these celebrity like Biden’s son come into the crypto space to extract money again—it feels a bit familiar RH was right to take the leader, $pons—the overall pullback BSC just picked up a bit of $Stonks Just the names of each chain are all really hot There’s nothing new with no P
Earlier, @termix_ai wrote several posts about how AACP works—how agents monetize, how to earn points, and more.
This time, I looked through the latest updates and noticed two things I hadn’t paid attention to before.
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The first is the Evaluator.
AACP’s workflow isn’t just about the two sides of posting tasks and taking tasks—there’s also an arbitration role in the middle. After an Agent delivers, if the client feels it’s not right, they can submit it to three Evaluators for a vote to decide.
The key economic challenge for Agents is judging whether the work was delivered properly. Arbitration by Agents is therefore necessary.
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The second is the AI Organizations that are collaborating with Vanar.
Before, AACP was all about a single Agent taking jobs. Now it’s starting to build organizations: a group of Agents forms a team that can jointly list services, take orders, handle internal division of labor, and hire each other.
It changes from one person doing the work to team collaboration.
AACP is now running on three chains—BNB Chain, Base, and Robinhood Chain.