$PONS Bearish news: Buyback fuel is nearly burned out; down another 11% in a day
Buybacks rely on the platform’s own trading fees, and that revenue stream has dried up
Platform fees fell from about $137 million in September to roughly $16.8 million in October, down nearly 90% month over month (DefiLlama, AInvest 11/3)
As buyback demand dried up, PONS slid from near its peak of 0.97 to around 0.20
It’s now trading at 0.1937, down 11.27% in 24 hours, with $4.52 million in trading volume and a low of 0.1853
The broader market is also seeing sell-offs: BTC is down about 4.7% in a day, and altcoin liquidity is even thinner. Tokens like this, whose buybacks depend on trading activity, are hit first.
Buybacks rely on the platform’s own trading fees, and that revenue stream has dried up
Platform fees fell from about $137 million in September to roughly $16.8 million in October, down nearly 90% month over month (DefiLlama, AInvest 11/3)
As buyback demand dried up, PONS slid from near its peak of 0.97 to around 0.20
It’s now trading at 0.1937, down 11.27% in 24 hours, with $4.52 million in trading volume and a low of 0.1853
The broader market is also seeing sell-offs: BTC is down about 4.7% in a day, and altcoin liquidity is even thinner. Tokens like this, whose buybacks depend on trading activity, are hit first.
