$PONS is up more than 55% today as several catalysts are hitting at the same time. Pons recently crossed $3B in total volume and captured over 63% of Robinhood Chain launchpad volume in a single day. That activity directly supports the token: 80% of protocol revenue is used to buy back and burn $PONS , while 29% of the original 1B supply has already been burned. Fresh cbBTC pairs, tokenized stock and RWA launches, plus the KuCoin listing are bringing more users and liquidity into the ecosystem. The setup is simple: more activity creates more fees, which drives more buybacks and reduces supply. That combination is helping fuel the current move.