pons is at 0.35u now. It’s been listed on two major exchanges, yet the price has actually gone down. Da Chao’s initial position, bought above 0.41u, is currently down by more than ten percent.
Today, let’s not talk about the price. Let’s talk about how pons actually makes money.
Someone on-chain used Dune to comb through the meme coins on the Robinhood chain. Among the people who casually bought new coins on the first version of pons, fewer than 15 out of every 100 made money. The average person lost more than 60%.
That sounds pretty scary, but for pons, it’s not necessarily a bad thing.
pons isn’t a gambler—it runs the casino. Whether the meme coins go up or down, every trade incurs a fee, and 80% of the platform’s revenue goes toward buying back and burning pons.
Whether the gamblers win or lose doesn’t matter to it. All it cares about is how many people show up today.
That’s also where the problem lies. If gamblers keep losing, sooner or later they’ll stop coming. The platform was making over 500,000u a day in September; now it’s down to just over 70,000u.
So if you’re watching pons, don’t focus on Bitcoin or whether it’s listed on an exchange. Watch the foot traffic at the casino entrance.
I’m holding my initial position, and my add-on level remains at 0.3u. When the platform’s revenue stops falling, that’ll mean the gamblers are back. #PONS $PONS
Today, let’s not talk about the price. Let’s talk about how pons actually makes money.
Someone on-chain used Dune to comb through the meme coins on the Robinhood chain. Among the people who casually bought new coins on the first version of pons, fewer than 15 out of every 100 made money. The average person lost more than 60%.
That sounds pretty scary, but for pons, it’s not necessarily a bad thing.
pons isn’t a gambler—it runs the casino. Whether the meme coins go up or down, every trade incurs a fee, and 80% of the platform’s revenue goes toward buying back and burning pons.
Whether the gamblers win or lose doesn’t matter to it. All it cares about is how many people show up today.
That’s also where the problem lies. If gamblers keep losing, sooner or later they’ll stop coming. The platform was making over 500,000u a day in September; now it’s down to just over 70,000u.
So if you’re watching pons, don’t focus on Bitcoin or whether it’s listed on an exchange. Watch the foot traffic at the casino entrance.
I’m holding my initial position, and my add-on level remains at 0.3u. When the platform’s revenue stops falling, that’ll mean the gamblers are back. #PONS $PONS