Pons daily fees fall back to about $250,000 from $11.4 million peak, Galaxy Digital says
HOOD•Pons daily fees fell to roughly $250,000 by early November, down from a $11.4 million peak on Sept. 5. The PONS token’s market capitalization declined from above $600 million to roughly $120 million.
1. Fees retreat from peak
Fees at Robinhood Chain’s leading token launchpad rose from roughly $250,000 on Aug. 20 to $11.4 million on Sept. 5, then returned to roughly $250,000 by early November. The PONS token’s market capitalization fell from above $600 million to roughly $120 million. The fee cycle lasted under three months.
