$PONS is the name jumping off the trending board overnight, up about 12% near $0.228 on roughly $30M in volume — a proper move while the rest of the tape mostly grinds higher. $BTC is the steadier backdrop, up about 3.7% near $80,565, so this isn't the market carrying everything at once. I'm watching whether $PONS holds above $0.22; if it does, the trending crowd probably sticks around a bit longer. #Pons