Pumpfun is the main launchpad of Solana with $460m in annualized revenue — 50% of which goes towards buying/burning its $PUMP token

it's sitting at a $2b market cap

Pons is the main launchpad of Robinhood Chain with $56m in annualized revenue — 80% of which goes towards buying/burning its $PONS token

it's sitting at a measly $37m market cap

in other words:

- $PUMP is trading at 4.35x its annual revenue

- $PONS is trading at just 0.66x its annual revenue

and that's before even accounting for the fact that $PUMP has unlocks and a significantly lower buyback ratio

$PONS, on the other hand, is fully circulating with zero unlocks and no supply overhang whatsoever

everyone agrees that $PUMP is underrated and massively undervalued compared to other protocols based on its revenue metrics

yet almost no one is talking about $PONS

almost no one is paying attention

FOR NOW.

and therein lies the opportunity

$PONS is arguably the most asymmetric trade in all of crypto right now

you can either buy it at $37m

or wait until the market catches on and you're buying it at a valuation in the hundreds of millions

i know which one i'd rather do