Pons (PONS) reached a record $0.52 on Thursday following its debut on Binance Alpha, climbing 21.87% over 24 hours to trade near $0.50. The move lifted the Robinhood Chain launchpad token to a market capitalization near $362 million, bringing it to 118th place by market cap ranking.
Binance Wallet announced on September 2 that PONS and meme coin FLORK were added to Binance Alpha. PONS trades on Alpha 1.0 only, available through market and limit orders.
The price advance occurred amid broader market weakness, with total crypto market capitalization dropping over 2% to $2.26 trillion. Bitcoin and Ethereum both traded lower during the period.
FLORK also gained from its Binance Alpha listing, climbing approximately 293% with an additional gain of more than 80% after the listing. Its market value briefly reached roughly $17.5 million.
Trading volume supported PONS's price movement. The token logged 95,969 trades from 8,014 wallets over 24 hours, generating $64.94 million in daily turnover and ranking among the three most-traded assets on Robinhood Chain. Over its lifetime, PONS has cleared $702.12 million in cumulative volume across more than 2.1 million trades involving 66,422 unique traders.
PONS now trades approximately 3% below its peak of $0.52.
