Regarding #PONS , my view yesterday was that daily trading volume around $30 million was most likely its bottom range at this stage.
Looking at today's updated data, trading volume has recovered to $43 million and has stayed within the $30 million–$40 million range for four consecutive days.
However, just a few days of data aren't enough to confirm that the bottom is in. I plan to keep tracking it for another two weeks, focusing on whether trading volume can hold steady.
Based on what I’m seeing so far, PONS trading volume has most likely moved close to a near-term bottom.
Here are the latest figures:
📊 October 19 vs. October 20
Trading volume: $37 million → $43 million (+15.6%)
Platform fees: $450,000 → $543,000 (+20.7%)
Protocol revenue: $68,000 → $78,000 (+14.7%)
Newly listed tokens: 1,700 → approximately 1,200
Number of token-holding addresses: 104,302
🔥 Approximately 400,000 PONS were burned yesterday, bringing the cumulative burn rate from 32.63% to 32.67%. The buyback fund still has around $310,000 available.
On a related note, Robinhood Chain's total trading volume on the 20th was approximately $921 million, roughly unchanged from the previous day.
For the next two weeks, I’ll keep a close eye on trading volume, protocol revenue, and token burns to determine whether this range is truly a bottom or just a pause during the decline.
These are just my personal observations based on a review of the data, and should not be taken as investment advice.
Looking at today's updated data, trading volume has recovered to $43 million and has stayed within the $30 million–$40 million range for four consecutive days.
However, just a few days of data aren't enough to confirm that the bottom is in. I plan to keep tracking it for another two weeks, focusing on whether trading volume can hold steady.
Based on what I’m seeing so far, PONS trading volume has most likely moved close to a near-term bottom.
Here are the latest figures:
📊 October 19 vs. October 20
Trading volume: $37 million → $43 million (+15.6%)
Platform fees: $450,000 → $543,000 (+20.7%)
Protocol revenue: $68,000 → $78,000 (+14.7%)
Newly listed tokens: 1,700 → approximately 1,200
Number of token-holding addresses: 104,302
🔥 Approximately 400,000 PONS were burned yesterday, bringing the cumulative burn rate from 32.63% to 32.67%. The buyback fund still has around $310,000 available.
On a related note, Robinhood Chain's total trading volume on the 20th was approximately $921 million, roughly unchanged from the previous day.
For the next two weeks, I’ll keep a close eye on trading volume, protocol revenue, and token burns to determine whether this range is truly a bottom or just a pause during the decline.
These are just my personal observations based on a review of the data, and should not be taken as investment advice.