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@chani
@chani
$PONS is down hard from its peak, but the bigger question is: has the fundamental story actually broken? 📉 Fees/revenue have fallen sharply, and trading activity is much weaker than during the September hype. 🔥 But the buyback mechanism is still active: Fees → Protocol share → 80% Buyback → $PONS → Burn The real risk isn’t just the price drop — it’s whether volume and fee generation keep declining. If activity rebounds, buyback pressure can recover. If revenue continues falling, the burn

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