Up 11% after Coinbase, Deribit listing, can PONS breach $0.34 next?

At press time, Pons [PONS] was up more than 11% in the last 24 hours after wiping out this week's losses. In fact, it is now among the top trending tokens on the launchpad. Pons and Cash Cat [CASHCAT] are the only tokens on Robinhood Chain that have a market cap of more than $100 million. The two rebounded after debuting on both Coinbase and Deribit exchanges. PONS perps listed on Coinbase and Deribit Both Coinbase and Deribit listed PONS perps on their markets in select jurisdictions, leading to high speculative trading. The tokens were offered at a 25x leverage. For instance, Coinbase's PONS/USD spot book did 5.1 million tokens in a few hours, which is roughly $1.80 million.

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