altrookie CRYPTO CODEX

Pons $PONS

Robinhood chainLaunchpad (coin factory)CoinGecko #117Age 60 daysIntake sheet No.0001
🔬 Verdict: WATCH

On the chain Robinhood just opened, an office that sets up a shop for anyone — a launchpad that lets anyone mint a coin and takes a fee. The fee buys back and burns its own token.

Measured 2026-09-12 05:06 · Market: DexScreener (30 pairs summed) · Security: GoPlus · Identity: CoinGecko · Re-measurement of sheet No.0001 (Korean original dated 2026-09-09)

Ink-line drawing: a large fish in a pond too shallow to cover its body, and an observer on the bank studying it through a magnifying glass and taking notes

Big body, shallow water — first impression of this specimen.

$416.9MMarket cap = FDV (fully circulating, zero locked supply)
16.8 : 1FDV ÷ liquidity — the pool is shallow for the price tag
$24.8MTotal liquidity (30 pools)
23.9%24h volume ÷ market cap — very active turnover

Identity — what is this thing?

The answer to ‘what is this?’

Robinhood, the US stock-trading app, opened its own blockchain (Robinhood chain), and Pons is the leading launchpad on it — the same model as pump.fun on Solana. The token $PONS moves like a share of that factory: the treasury uses the launchpad's fee income to buy $PONS and burn it. The registered site is ponsfamily.com/launchpad; the identity above is carried over from the Korean sheet No.0001 (2026-09-09) and was not re-verified in this check.

⚠️ One illusion the name creates — this is not an official Robinhood token. It is a business someone else set up on top of Robinhood chain. That illusion is both the fuel for its fame and its risk.

Quarantine flags

The answer to ‘is this a scam?’ — machine checks in plain words

● No mint authority

The issuer cannot print more tokens.

● Sellable (not a honeypot)

Machine-confirmed this is not a buy-only trap where you can buy but never sell.

● Open source · no proxy · no hidden owner

The contract is verified, and there is no back channel to swap the code and no wallet holding authority in secret.

● No take-back authority

There is no switch to claw back tokens that others bought.

● No whale concentration

36,949 holder wallets, top 10 combined 1.5%. Not a structure swung by one or two wallets.

● Top LP wallet holds 59.5% of the pool, unlocked

More than half of the pool's water sits behind a door one wallet can open at any time. There are 159 LP wallets, and the top one holds this much — up from 55.1% at the 2026-09-09 reading. The biggest flag on this sheet.

● Trading tax — not confirmed

No value came back on whether a hidden fee applies on buys and sells.

Grounds for the WATCH verdict — top LP wallet 59.5% unlocked. Every contract-authority flag is green and holdings are spread wide; the problem is who owns the water.

Supply structure

‘When does it dump?’

Market cap vs FDVEqual — no locked supply (no surprise unlock)
SupplyMax 1B → total = circulating 712.1M (the 287.9M gap is presumed burned — not confirmed on-chain in this check)
Mint authorityNone — supply cannot be increased at will
Next unlock cliffNot applicable (fully circulating)
Holders36,949 wallets
Top 10 walletsCombined 1.5%
LP lock159 LP wallets · top one 59.5% · unlocked

Substance · listing ladder

‘Does it actually do anything? Where do you buy it?’

Chain · contractrobinhood · 0x39dBED3a2bd333467115dE45665cC57F813C4571
AgeAbout 60 days
ProductLaunchpad live (ponsfamily.com/launchpad) — per the 2026-09-09 sheet; link registration re-confirmed this check
Tied to the chain's fateRobinhood chain TVL not re-measured in this check (2026-09-09 sheet: about $800M per DefiLlama) — if the city goes dark, so does the factory
CoinGeckoListed · rank #117 · 10,814 on watchlists
Main venueDEX, 30 pairs, about $99.8M a day — on-chain is still home base · #1 Uniswap (WETH) liquidity $6,584,924, about 27% of the water
24 hoursVolume $99,753,512 · 4,871 buys / 4,038 sells · price +4%
Price$0.6001
Listing ladderTier 2 — Gate · Crypto.com · MEXC · BTSE · BloFin · KCEX · Poloniex · Arcus · Rialto · Alandale (CL) — no tier-1 (Binance · Coinbase · Upbit)
Official communityX @ponsdotfamily only — treat Telegram and Discord invites as fake
ATH2026-09-05 · now -37.8%

Field notes

A record of going in ourselves (2026-09-03)

Tron USDT → Ethereum ETH → the official bridge (portal.arbitrum.io, toll $0.50, 5 minutes) → Robinhood chain → collected $75 worth on Uniswap. Total friction about 2%. A $75 order did not move the top pool, then about $11M (slippage 0.3%) — the ‘shallow water’ warning is for whales, not minnows. Entry took 5 minutes; leaving through the official bridge takes 7 days.

Where this specimen is decided

Not the price — these three

  1. Defending market share — competing launchpads on the same chain (LONG, VARO…). In a fee business, No.1 takes nearly everything
  2. The city's own rise or fall — if the Robinhood chain TVL curve bends, this bends with it
  3. Burn follow-through — confirm on the ledger that the drop from 1B to 712.1M is real burning (verification pending)
What we checked · what we couldn't · what we disclose
  • Machine-checked: mint and take-back authority, honeypot, open source · proxy · hidden owner, liquidity (30 pairs summed) · market cap · FDV · volume · buy/sell counts · price, age, holder count · top-10 share · LP distribution and lock, CoinGecko listing · rank · supply · ATH · venues (2026-09-12 05:06)
  • Not confirmed: trading tax (no value returned), burn-address balance (the 287.9M gap is an estimate), team identity (anonymous), who the top LP wallet is, social heat (not measured in this check), Robinhood chain TVL (not re-measured)
  • Holdings disclosure: altrookie holds a small amount of this specimen for learning purposes (bought 2026-09-03, about $75). No trades in the 7 days before or after this sheet's publication
  • Re-measurement: the Korean sheet No.0001 was measured 2026-09-09; this English sheet re-ran the machine check on 2026-09-12. Between the two readings: market cap $560M → $416.9M, FDV÷liquidity 21:1 → 16.8:1, top LP share 55.1% → 59.5%, CoinGecko rank #102 → #117, distance from ATH -16.8% → -37.8%
  • Correction log: the first pass (2026-09-03) filed this as a meme coin and read liquidity from one pair only (66:1); corrected to launchpad, all pairs summed

What ‘WATCH’ means — neither a death sentence nor a pass. We count the 30-day outcome and append it to this sheet. This sheet is an inspection result, not investment advice. We don't call. We inspect.