PONS Jumps 11% After Coinbase and Deribit Perp Listings
- —PONS gained over 11% in 24 hours following perp listings on Coinbase and Deribit
- —Contracts offer up to 25x leverage; Coinbase's PONS/USD spot book did $1.8 million in hours
- —PONS open interest on Hyperliquid rose from $29.6 million to $33 million; CASHCAT sits at $23.5 million
- —The token trades 64% below its all-time high and is testing resistance at $0.3454
Why it matters: A break above $0.3454 would confirm a recovery, while failure risks sharper bearish pressure as price action contracts.
Source: AMBCrypto