$PONS couldn’t hold up either. It plunged to a low of 0.175 and is now hovering around 0.18.
The bright spot is that volume remains steady: just over 30M in 24 hours, marking five consecutive increases from the Oct. 31 bottom: 18→20→22→24→30→30.9M. But platform fees, transaction count, and burns are all declining. Just 99,000 tokens were burned yesterday, down 44% day over day, and the buyback pool has 229,000 left.
Price is weak, volume is holding up, and burns are shrinking. For now, let’s see whether 30M holds.
The bright spot is that volume remains steady: just over 30M in 24 hours, marking five consecutive increases from the Oct. 31 bottom: 18→20→22→24→30→30.9M. But platform fees, transaction count, and burns are all declining. Just 99,000 tokens were burned yesterday, down 44% day over day, and the buyback pool has 229,000 left.
Price is weak, volume is holding up, and burns are shrinking. For now, let’s see whether 30M holds.
