Bonk Guy: PONS remains one of the most undervalued protocols in crypto, and the market cannot continue to ignore it.
51 minutes ago
Prominent crypto trader Bonk Guy has published a bullish post on PONS: The platform generated $1.34 million in revenue in a single day, with the day still not over. Even as activity on the Robinhood Chain has cooled in recent days, PONS still boasts an annualized revenue of roughly $202 million, a market cap of $434 million, and $3.7 million remaining in its buyback wallet, which is also accumulating rapidly. These funds will be used to purchase PONS tokens on the market via TWAP (Time-Weighted Average Price) orders, while new revenue comes in faster than the wallet is deployed for buybacks. Bonk Guy argues that a protocol generating over $200 million in annual revenue is only valued at $434 million in market cap, equating to "something worth billions being sold for pennies." PONS remains one of the most undervalued protocols in crypto, and the market cannot continue to ignore it. Note: PONS is the largest holding in Bonk Guy’s current portfolio, valued at $6.9837 million, with a return of 10213.81%.
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