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$BTC and $ETH look risky at these levels, so why am I still bullish on $PONS ?
Since late September, the Robinhood Chain ecosystem has gone from FOMO to panic. But on-chain data tells a different story: stock-token expansion continues, routing fees keep flowing to the treasury, and PONS’ cumulative burn is nearing 30% of total supply.
The first wave may be over—but the next phase could be about fundamentals, cash flow, and ecosystem value.
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