PONS drops 71% from ATH as Robinhood Chain activity fades
- —PONS is down 17% in 24 hours and 71% from its all-time high
- —Market cap fell below $200 million for the first time since August
- —Robinhood Chain fees dropped 95%, from $11.42 million to $595K
- —Average daily DEX volumes fell from $173 million to $8.95 million
Why it matters: Fading network activity and collapsing fees weigh on PONS; a reversal needs a break above the $0.388 supply zone and stronger buying volume.
Source: AMBCrypto