PONS whale invests $5K in CrossRate after $4M profit
Summary
A significant investor, referred to as a $PONS whale, with $3.5 million in realized profit, has recently purchased nearly $5,000 worth of $CROSSRATE, a token from a project that has effectively utilized buyback-and-burn strategies. Since its launch, the $CROSSRATE team has managed to buy back and burn 17.26% of its total supply. This strategy aligns with the revenue-backed supply reduction approaches seen among various projects on the Robinhood Chain, which has developed as a central hub for such initiatives.
Tokens
$PONS$CROSSRATE
Analysis
PONS: PONS is the native token of the Pons launchpad protocol on Robinhood Chain, which supports token launches and collects trading fees. The protocol directs the majority of its revenue into automated buybacks of PONS on the open market, which are then permanently burned. In the reported news, a large holder of PONS who realized substantial profits allocated capital into CrossRate, highlighting the appeal of its comparable deflationary model. CrossRate: CrossRate Markets runs a launchpad on Robinhood Chain that enables token launches priced in real-world currencies. Its $CROSSRATE token incorporates team-executed buybacks funded by platform activity, with tokens subsequently burned to reduce supply. The news centers on whale activity from PONS flowing into CrossRate due to the shared buyback-and-burn approach. Ecosystem: Robinhood Chain has emerged as a hub for multiple projects implementing revenue-backed supply reduction strategies. Mechanism: Launchpad protocols on Robinhood Chain commonly allocate protocol fee revenue to buy back and burn their native tokens.
Categories
cryptoon_chain_whale
Related sources
- https://dune.com/nft_overview/pons-vs-stonkbroker-burn-share-and-the-chain-denominator
- https://coinmarketcap.com/academy/article/crypto-token-buybacks-hit-record-are-they-working
- https://bsc.news/post/what-is-pons-token-pons
- https://www.bitrue.com/blog/pons-tokenomics
- https://crypto.news/what-is-a-token-burn-how-buyback-and-burn-works/
- https://x.com/i/status/2099879306948178102
- https://x.com/ponsdotfamily/article/2089108937501282550
- https://www.bitrue.com/blog/cross-token-burn-impact-price-supply
- https://ponsinomics.com/
- https://openliquid.io/learn/buyback-and-burn/
- https://smcresearchers.com/article/pons-pons-launch-report
- https://x.com/i/status/2099894486499201263
- https://r.jina.ai/https:/stateofblocks.com/dashboards/pons-terminal
- https://unitypad.org/learn/token-buybacks-explained/
- https://www.coingabbar.com/en/crypto-blogs-details/pons-protocol-fees-burns-buybacks-and-tokenomics-explained
- https://x.com/i/status/2099894718167703922
- https://phemex.com/news/article/pons-says-29-of-pons-supply-burned-as-80-of-revenue-funds-buybacks-94886
- https://cointelegraph.com/magazine/token-buybacks-are-booming-but-are-they-good-for-crypto-projects
- https://x.com/i/status/2099875624143995054
- https://blog.opengamefoundation.org/cross-completes-token-burn-following-public-sale-80e1b766d98e
- https://x.com/i/status/2099873695049367908
- https://insights.unlocks.app/buyback-and-burn-explained-what-they-are-who-is-doing-them-and-whether-they-actually-work/
- https://x.com/142C_/status/2099222924028956913
- https://x.com/Hiraweb3/status/2099139111575523808
- https://x.com/ponsdotfamily/status/2077379810976731349