$PONS Is Showing a Bearish Pattern
$PONS is starting to look increasingly weak.
Liquidity and volume across the meme ecosystem are gradually drying up, which is also pushing fees lower.
That matters because lower fees mean less funding available for the $PONS buyback & burn mechanism.
With the ecosystem activity slowing down, it makes sense that $PONS has lost its upward momentum.
$PONS is currently around $429M MC, down significantly from its ~$990M ATH.
$PONS is starting to look increasingly weak.
Liquidity and volume across the meme ecosystem are gradually drying up, which is also pushing fees lower.
That matters because lower fees mean less funding available for the $PONS buyback & burn mechanism.
With the ecosystem activity slowing down, it makes sense that $PONS has lost its upward momentum.
$PONS is currently around $429M MC, down significantly from its ~$990M ATH.
