A crypto investor has turned a $44,300 investment into $811,000 after backing Pons (PONS), one of the fastest-growing Robinhood Chain.
The wallet called 0x194 started making money when the token had a market value of $3.7 million, earning more than 1% of its total revenue, according to Arkham data.
Since then, PONS has been driving the meme’s money on the chain, reaching a total of $57 million before settling at around $51 million on July 27 and trading at $0.06 after a daily rally of 21%.
As a result, the initial investment generated by 0x194 is now worth approximately $811,000, which represents an 18.3x return on the original investment.
The total amount of trading is worth more than $858,000, all of it in Robinhood services. They currently hold 12.65 million PONS tokens, with the remaining funds spread across several smaller assets, including Yolo (YOLO), Juggernaut (JGN), and Hoodrat (HOODRAT).
PONS leads the development of the Robinhood Chain
In particular, the meeting seems to have been inspired by the growth of the Pons platform and the anticipation around the upcoming V2, which is expected to launch Ethereum.The price of ETH) curve, integrate Uniswap V4, and support the products they have stablecoins and tokenised equities.
In addition, the innovation is expected to increase the tokenization capabilities of the platform by combining memecoins with real assets (RWA) infrastructure, which is quite remarkable considering that the global stock on Robinhood has increased almost five times in two weeks.
As for PONS, about 20% of all products were burned within eight days of the platform’s launch. Now, the group plans to continue to support the deflationary token model through capital purchases and the constant burning of tokens.
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