PONS Hits New Record High After Uniswap Labs Reveals Purchase

PONS reached a record high of $0.73 on Friday, jumping 41% in just 24 hours. This latest spike follows news that Uniswap Labs bought the token, although neither team disclosed the exact size of the deal. The move is drawing attention because PONS and Uniswap’s own launchpad, Pools, compete directly on the Robinhood Chain.

The price surge is the latest win in a massive month for the coin, which is up over 2,500% in the last thirty days. This rally follows a listing on Binance Alpha that already had momentum building. While the broader crypto market moved less than 1%, PONS and other launchpad tokens are seeing massive gains.

The rally has created some huge winners and losers. One trader turned an initial $67,700 investment into more than $7.5 million by holding their position. Meanwhile, others sold too early during price dips, missing out on millions of dollars in gains as the token continued to climb.

Supply mechanics are also helping the price stay high. The project has already burned nearly 30% of its total supply, and it uses 80% of its fees to buy back tokens from the market. If the launchpad stays busy, these buybacks could continue to drive the price higher by reducing the amount of coins available.