Bonk Guy: If Robinhood Chain is deemed to have hit a market bottom, investors should go heavy on PONS.
60 minutes ago
Renowned trader Bonk Guy posted that if one believes Robinhood Chain has hit its bottom, one should go heavy on PONS at this stage. He noted that PONS currently holds an 88% market share on Robinhood Chain’s Launchpad, and is poised to capture a larger share of value flowing into the chain going forward. Bonk Guy added that Robinhood’s financial results have boosted bullish sentiment toward on-chain trends, with its crypto business being the top-performing segment, and CEO Vlad Tenev has also sent clear signals of future investment. PONS still has significant upside potential after pulling back roughly 77% from its recent peak market cap of around $960 million.
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