$PONS : $652M FDV — BULLISH OR RISKY? #PONS is currently trading around $0.93, with a reported $652M market cap and ~$652M FDV. What does $652M FDV mean? FDV (Fully Diluted Valuation) represents the theoretical value of the entire token supply at the current price. It does NOT mean $652M has flowed into the token. The momentum currently looks bullish, with buying volume ahead of selling volume. But liquidity is the key risk. A ~$652M valuation against only ~$7.7M liquidity means PONS can be extremely volatile if buying or selling pressure suddenly increases. Strong momentum, but high risk. Always consider FDV, liquidity, volume and token supply together before judging a crypto project.