$PONS surged from a ~$100k market cap to $65m in two weeks, and despite a recent correction and heavy competition on the Robinhood chain from major projects like Uniswap, Cashcat, Bonk, Rialto, and Sushiswap, it maintains over 50% market share. The asset has burned over 26% of its supply within three weeks of launch, with v2 now live and fees expected to trend higher. The sentiment is bullish, with the author noting that $PONS has strong fundamentals and a dedicated community, making having little to no exposure "max pain."