$PONS has burned one-third of its total supply… and the chart still dropped 11% today 🔥
The Robinhood Chain launchpad token (on Binance Alpha + Futures) has now sent 330M of its 1B PONS to the burn address, mostly via buybacks funded by launchpad fees.
The catch: fees have cooled since September, so the burn slows when activity slows.
Levels I'm watching: 0.1084 range low, 0.1224 resistance, with EMA20/50 still overhead.
Does the burn story win long term, or does falling activity matter more? 👇
$PONS #PONS #BinanceAlpha
Not financial advice, DYOR.
The Robinhood Chain launchpad token (on Binance Alpha + Futures) has now sent 330M of its 1B PONS to the burn address, mostly via buybacks funded by launchpad fees.
The catch: fees have cooled since September, so the burn slows when activity slows.
Levels I'm watching: 0.1084 range low, 0.1224 resistance, with EMA20/50 still overhead.
Does the burn story win long term, or does falling activity matter more? 👇
$PONS #PONS #BinanceAlpha
Not financial advice, DYOR.
