PONS rev down 90% is the headline catching my attention this weekend. It was one of our best trades this summer, and I’m still watching it. Lower revenue means less fuel for the buyback and burn engine. Even so, it remains one of the Robinhood ecosystem coins I’d like to trade again.
Right now, I’m in six trades: long ETH, USELESS, CATE and MET, with shorts on BTC and SOL. Let’s see which direction the market picks this weekend. As for PONS, I’m happy to wait. After such a big run, a 60–70% pullback from the highs wouldn’t surprise me. That’s a scenario I’m prepared for, not a prediction that it has to happen.
Away from the charts, this weekend will be a little different. A European camera crew is flying in to follow me around for an episode about my experiences at the Trump dinners and how I farm airdrops.
I’ve been on TV before, but that usually means joining a Zoom call from home. Having a crew here, cameras out, following everyday life is a different experience. The family is a bit nervous already. Once the episode goes live, I’ll share it on our X for anyone interested.
As always, we keep an eye on all the relevant news and keep you posted with these updates. Enjoy.
PONS Rev Down 90%: Why I’m Waiting for Another Entry
Reported daily PONS revenue has fallen from close to $2 million at its late-August and early-September peak to roughly $240,000. That works out to an approximately 88% decline, with the broader drawdown described as around 90%.
The important part is what that does to the token’s buying pressure. PONS reportedly directs about 80% of protocol fees toward buybacks and burns. When the fees shrink, that engine slows down too.
For scale, 80% of $240,000 is around $192,000. That illustrates the reduced buying power, assuming the reported revenue is the fee base used for buybacks. It isn’t a verified daily burn figure.
Several explanations have been put forward for the slowdown:
- The meme rush cooled. Fewer launches and less speculative activity mean fewer fees.
- Gas incentives reportedly ended. Removing promotional subsidies can make frequent trading less attractive.
- Competition increased. Other trading venues compete for the same users and volume.
- Rugs damaged confidence. Bad experiences can make traders less willing to jump into the next launch.
Those factors may help explain the drop, but they don’t tell us exactly where revenue or price will bottom. Whale selling adds another variable. A burn mechanism can support demand without absorbing every seller.
My trade plan is to wait for a bottoming structure before considering another long. A lower price alone isn’t enough. I want to see buyers start defending a level and selling pressure ease. If you never bought or held PONS, here is a guide on how to buy PONS.
PONS is still on my list. I just don’t feel the need to rush back into a coin because it paid us once already. If I take another entry, I’ll share it on X or write a dedicated blog explaining the setup.
Airdrop Claims and Updates: Don’t Miss the Small Steps
Nothing is more frustrating than farming for months and missing out because of one deadline, withdrawal or eligibility step. Spend a few minutes checking your positions this weekend. The boring admin matters.
- Blast withdrawal deadline: The announced shutdown means users should withdraw before October 26. If you still have funds there, read our Blast shutdown guide and get your exit sorted.
- Marscoin holders: Binance will reportedly support the SpaceX stock airdrop for eligible Marscoin holders. That would be welcome news for holders, though eligibility and distribution terms still matter. Our Marscoin buying guide covers the project.
- Kinetiq allocation: Final kPoints have reportedly been distributed. This is a paid token allocation, not a free claim: eligible participants can purchase KNTQ at $0.26 during a 10-day window. Check your allocation and the exact closing time. This also reminded me that I still have some HYPE in there that I need to withdraw.
- Arcus Season 1: Points are distributed on Wednesdays, with boosts for RWA activity, off-hours trading and Robinhood Wallet trades. Trading, market-making, retained deposits and referrals count. Keep activity genuine; farming points is no reason to manufacture wash volume. See our Arcus farming guide for the details.
The next bull phase might already be starting. We’ll only know for sure later, but I’m getting more active with the farms I actually like. If you’re doing the same, these are our favorite airdrops to farm over the coming months.
Seedphrase Sells His CryptoPunk: Was the Total Close to $6 Million?
Seedphrase’s CryptoPunk #8348 has reportedly changed hands for 3 million USDC plus an undisclosed additional amount. It’s the only Punk with seven traits in the entire 10,000-piece collection.
According to the reported Gondi transaction details, the Punk had secured a 2.8 million USDC loan, which was settled as part of the sale. That makes the visible $3 million payment only part of the story.
The wallet movements described around the purchase suggest a possible $5.9 million total. The buyer’s wallet reportedly received $5.9 million, used $3 million for the purchase and loan settlement through Gondi, then sent another $2.9 million to a separate wallet.
That additional transfer could explain the undisclosed portion. However, a transfer to another wallet does not, by itself, confirm that the entire amount was payment for the Punk. The roughly $5.9 million valuation remains an interpretation, not a confirmed sale price.
There’s also a possible fee explanation. At the reported 2% buy-and-repay fee, moving a $2.9 million portion outside the marketplace transaction would reduce fees by approximately $58,000, if that portion would otherwise have been charged. That could explain the structure, but it doesn’t prove the parties’ intent.
My takeaway? Someone was willing to commit serious money to an extremely rare NFT. I’ve always watched big Punk sales as a possible sign that risk appetite is returning. One sale doesn’t confirm a bull market, but it gets my attention. Just saying.
European Stablecoin Issuers Want Dollars Too
European stablecoin companies are making a practical argument: businesses still need dollars, even when they operate in Europe.
AllUnity’s reported launch of the dollar-pegged USDAU reflects that demand. International suppliers, trading firms and payment businesses often settle in USD. A euro token cannot cover every one of those needs.
Other issuers, including Stable Mint, Fiat Republic and Societe Generale-FORGE, have described similar demand for dollar settlement, treasury operations and collateral. The attraction is the ability to move digital dollars outside normal banking hours.
That creates a policy challenge. Europe wants a stronger role for the euro, while its businesses need access to the currency much of global trade already uses. European issuers argue that locally regulated dollar tokens can serve those customers within a European framework.
These products remain small compared with USDT and USDC. Still, the direction is interesting: stablecoins are becoming a broader payments and settlement business, with more currencies and issuers competing for users.
If you’re comparing where to hold funds between trades, our best stablecoins guide looks at the main options and their differences.
BNB Chain Passes $1 Billion in Tokenized Stocks and ETFs
Tokenized stocks are another area I’m watching closely. Reported figures put stocks and ETFs on BNB Chain at approximately $1.1 billion, giving it around 30% of a $3.7 billion market.
In the same snapshot, Ethereum accounted for roughly $828 million, followed by Solana at about $738 million. Those figures show how widely this market is spreading across chains.
The reported sector total rose from approximately $2.87 billion in August to $3.35 billion in September, before reaching the newer $3.7 billion snapshot. Compared with around $719 million in January, that represents more than fivefold growth.
BNB Chain’s distribution is worth watching too. Binance Research reported around 1.8 million addresses holding tokenized stocks on the network. Addresses aren’t the same as individual investors, but that still gives an indication of the reach.
For us, the connection to airdrops is particularly interesting. More stock products and trading venues create more places to watch for incentive programs. However, holding a tokenized stock doesn’t automatically mean you have the same rights as a shareholder through a traditional broker.
Our guide to tokenized stock airdrops and their legal considerations explains the questions to ask. For the more speculative side of the same ecosystem, we’re also tracking the best BNB meme coins.
Final Words
There’s plenty to keep an eye on this weekend. PONS is still on my watchlist, but I want a setup before another entry. Meanwhile, the airdrop admin needs doing, tokenized stocks keep expanding, and a rare Punk sale has given NFT traders something to talk about.
Check your deadlines, review the farms you’ve left funds in, and keep some patience for the trades that haven’t arrived yet. Being active doesn’t mean every opportunity needs an immediate click.
I’ll be balancing the charts with a camera crew and a slightly nervous family. When the episode is ready, I’ll share it on our X. Until then, stay sharp and happy farming.
Frequently Asked Questions
Why is PONS Rev down around 90%?
Reported daily revenue fell from close to $2 million to roughly $240,000. Cooling meme activity, changes to incentives, competition and weaker trader confidence have been suggested as contributing factors. Their individual impact hasn’t been established here.
How does lower revenue affect PONS burns?
If fewer protocol fees are available for buybacks, fewer dollars can be used to purchase and burn PONS. The exact number of tokens burned also depends on token price and how the mechanism operates.
Is the Kinetiq allocation a free airdrop?
No. The reported allocation allows eligible participants to purchase KNTQ at $0.26 within a limited window. Eligibility for a purchase is different from receiving free tokens.
Did Seedphrase’s CryptoPunk sell for $5.9 million?
The reported terms were 3 million USDC plus an undisclosed amount. Wallet movements suggest a possible $5.9 million total, but the full purchase price has not been confirmed.
