Quite a few people have asked me whether I'm still following $PONS after the recent drop The answer is yes A losing trade doesn't necessarily mean the thesis is wrong. What matters is what the team has done since then Over the past few days, PONS has been shipping consistently > Integrated with Axiom, Definitive, Boba, and most recently Maestro. > Surpassed $162M in volume in less than four days > Over 27.7K token launches and 2 million trades What stands out the most to me is that major trading terminals are gradually integrating PONS To me, that's a strong signal that PONS is no longer just another launchpad. It's slowly becoming a core piece of infrastructure on Robinhood Chain That said, I still hold the same view I shared in my previous write-up The biggest thing still missing is a clear value accrual mechanism for the $PONS token If the team eventually introduces buybacks, staking, revenue sharing, or other holder incentives, I think the thesis becomes much stronger Right now, I'm not bullish because the price bounced I'm bullish because while the market has been volatile, the team has kept shipping, expanding integrations, and growing the ecosystem I'll keep watching to see whether PONS can maintain its position as the leading launchpad once the Robinhood Chain hype cools down That's what will ultimately determine whether my thesis plays out Price reflects expectations in the short term Execution creates value in the long term And so far, I think the team has been executing well 0x39dBED3a2bd333467115dE45665cC57F813C4571