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{"actor":"system:backfill","investigation_id":"c39bbd1f-3f16-42f6-be16-72f32162e802","kind":"publish","page_slug":"pons","published_at":"2026-09-23T03:41:31.867Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Pons (PONS)","sections":[{"content":"Searches surfaced at least five distinct on-chain addresses associated with the 'Pons' or 'PONS' name across two different blockchains: (1) 0x39dbed3a2bd333467115de45665cc57f813c4571 on Robinhood Chain, which CoinMarketCap and CoinGecko both identify as the token tracked under their official #Pons ranking (market cap roughly $400-500M, tied to the pons.family launchpad and the @ponsdotfamily Twitter account); and (2) at least four separate Solana addresses — 8ueYmXVCR8hXTTatte7487za7CwiSKNBaeGVnwnLn4gP (referenced in an OpenSea listing and cited in the intake queue as tied to a Phoenix Perpetuals isolated-margin perp market), plus three pump.fun-suffixed mints (2zapepw51k1nfak5d3rjws26fge9anazkgobdd5bpump, 7nrshhxj2ehxhahc6prdjrxsp13dzerjpes7wztfpump, and 6hy1xqevzh9dgnxr6vxmc31ekd9vqrjmchdlfmtspump) all indexed by Coinbase's price pages under the names 'Pons' or 'ponsan.' Proliferation of multiple same-named tokens across different launchpads (especially pump.fun-style mints) is a well-documented copycat pattern in crypto: when a name trends, unrelated actors quickly deploy lookalike tokens to capture inbound search and social traffic. AVOID.NET could not verify any official statement from Pons-Labs, LLC or the pons.family team acknowledging, disavowing, or explaining a relationship to any of the Solana-based addresses. Given that the verified official project operates exclusively on Robinhood Chain (an EVM-compatible chain, not Solana), the Solana-based mints — including the one cited as trading on Phoenix Perpetuals — should be treated as unverified and potentially unrelated impostor tokens until a canonical link is established.","heading":"Multiple mint addresses claiming the 'Pons' name — identity confusion","severity":"high","sources":[{"credibility":2,"name":"Pons (PONS) price today | CoinMarketCap","type":"other","url":"https://coinmarketcap.com/currencies/pons/"},{"credibility":2,"name":"Pons Price | CoinGecko","type":"other","url":"https://www.coingecko.com/en/coins/pons"},{"credibility":3,"name":"Pons (PONS) Price Today | Buy & Swap | OpenSea","type":"other","url":"https://opensea.io/token/solana/8ueYmXVCR8hXTTatte7487za7CwiSKNBaeGVnwnLn4gP"},{"credibility":3,"name":"Pons Price, PONS Price — Coinbase (6hy1xqevzh9... mint)","type":"other","url":"https://www.coinbase.com/price/pons-solana-6hy1xqevzh9dgnxr6vxmc31ekd9vqrjmchdlfmtspump-token"},{"credibility":3,"name":"Pons Price, PONS Price — Coinbase (7nrshhxj2e... mint)","type":"other","url":"https://www.coinbase.com/price/pons-solana-7nrshhxj2ehxhahc6prdjrxsp13dzerjpes7wztfpump-token"},{"credibility":3,"name":"Pons Price, PONS Price — Coinbase Germany (2zapepw... mint, labeled 'ponsan')","type":"other","url":"https://www.coinbase.com/en-de/price/pons-solana-2zapepw51k1nfak5d3rjws26fge9anazkgobdd5bpump-token"}]},{"content":"The intake queue described PONS as listed on Phoenix Perpetuals (phoenix.trade) as an isolated-margin, 3x-max-leverage perpetual market, up 23% on 2026-09-22. Public sources describe Phoenix Perpetuals, built by Ellipsis Labs on Solana, as being in a closed private beta with a waitlist as of the most recent coverage found, and no public market listing page, documentation, or announcement referencing a 'PONS' perp market was located during this investigation. Because Phoenix Perpetuals' market list is not fully public, this claim could not be verified or refuted from open sources; it is presented here as unverified and, notably, would tie the perp market to a Solana-denominated PONS mint rather than the Robinhood Chain-based token that both major trackers treat as canonical.","heading":"Phoenix Perpetuals listing could not be independently confirmed","severity":"medium","sources":[{"credibility":2,"name":"Phoenix Perpetuals — official site","type":"official","url":"https://www.phoenix.trade/"},{"credibility":2,"name":"Perpetual Futures docs — Phoenix","type":"official","url":"https://docs.phoenix.trade/phoenix/perpetual-futures"},{"credibility":2,"name":"Ellipsis Labs: Introducing Phoenix Perpetuals","type":"official","url":"https://www.ellipsislabs.xyz/blog-posts/introducing-phoenix-perpetuals"}]},{"content":"Pons (the Robinhood Chain launchpad and its PONS token) is operated by an entity identified in press coverage as Pons-Labs, LLC, but no source reviewed identifies specific founders or team members; the project's leadership is described as pseudonymous. The platform allows anyone to deploy a fixed-supply token with locked liquidity in a single, no-code transaction; a 1% trading fee is split 70% to individual token creators and 30% to the Pons protocol, with a majority of the protocol's share used for automated buybacks and burns of PONS. Locked liquidity pools reportedly have no withdrawal function for anyone, including the protocol operator, which removes one common rug-pull vector at the launchpad level. However, commentary from Bittime explicitly cautions that Pons the platform being functional and having legal documentation does not mean tokens created on it are vetted, safe, or free of rug-pull, thin-liquidity, or manipulation risk — that risk is pushed down to each individual token launched through the platform.","heading":"Pseudonymous team and platform-level design","severity":"medium","sources":[{"credibility":2,"name":"What Is Pons? The Robinhood Chain Meme Coin Factory Token Up 18,000% Since July — Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/pons-robinhood-chain-meme-coin-204604745.html"},{"credibility":3,"name":"Is Pons Launchpad Legit or a Scam? — Bittime","type":"other","url":"https://www.bittime.com/en/blog/pons-launchpad-legit-atau-scam"}]},{"content":"PONS (Robinhood Chain) began trading around July 15, 2026 at a fraction of a cent, fell to an all-time low near $0.0033-0.0038 around July 17, 2026, rallied to roughly $0.066 by July 27, crashed to about $0.016 in early August 2026 coinciding with a rival Uniswap-backed launchpad (Pools.trade) entering the market with zero fees, then recovered sharply to trade near $0.60-0.72 by early-to-mid September 2026 — an increase reported by Yahoo Finance as roughly 18,000% off the July low. Market capitalization estimates vary meaningfully across trackers (reported in the $392M-$576M range depending on source and date), reflecting thin, fast-moving on-chain liquidity typical of newly launched, low-float meme/launchpad tokens. This level of volatility, combined with reliance on continued launchpad trading-fee volume for its buyback-and-burn value mechanism, represents a structural risk: PONS's price is highly exposed to shifts in launchpad market share (as already demonstrated by the Uniswap Pools.trade competition event in August 2026).","heading":"Extreme volatility and inconsistent market-cap reporting","severity":"high","sources":[{"credibility":2,"name":"What Is Pons? The Robinhood Chain Meme Coin Factory Token Up 18,000% Since July — Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/pons-robinhood-chain-meme-coin-204604745.html"},{"credibility":2,"name":"Pons (PONS) price today | CoinMarketCap","type":"other","url":"https://coinmarketcap.com/currencies/pons/"}]},{"content":"No source reviewed during this investigation disclosed verified holder-concentration data, a team/insider token allocation, or a vesting schedule for PONS. Reported total/max supply figures are also inconsistent across sources (variously described as roughly 685 million, 712 million post-burn, 1 billion original, or 10 billion depending on source and which address is being described), which itself suggests confusion between the canonical Robinhood Chain token and one or more of the Solana-based tokens sharing the name. Given this inconsistency and the absence of on-chain holder analysis in available sources, claims about concentration or team allocation cannot currently be verified and are flagged as an open research gap rather than a confirmed finding.","heading":"Holder concentration and team allocation — unverified","severity":"medium","sources":[{"credibility":2,"name":"Pons (PONS) price today | CoinMarketCap","type":"other","url":"https://coinmarketcap.com/currencies/pons/"},{"credibility":2,"name":"Pons Price | CoinGecko","type":"other","url":"https://www.coingecko.com/en/coins/pons"},{"credibility":2,"name":"What Is Pons (PONS) And How Does It Work? — CoinMarketCap","type":"other","url":"https://coinmarketcap.com/cmc-ai/pons/what-is/"}]}],"sources_used":[{"credibility":2,"name":"Pons (PONS) price today | CoinMarketCap","type":"other","url":"https://coinmarketcap.com/currencies/pons/"},{"credibility":2,"name":"Pons Price | CoinGecko","type":"other","url":"https://www.coingecko.com/en/coins/pons"},{"credibility":2,"name":"What Is Pons (PONS) And How Does It Work? — CoinMarketCap","type":"other","url":"https://coinmarketcap.com/cmc-ai/pons/what-is/"},{"credibility":3,"name":"Pons (PONS) Price Today | Buy & Swap | OpenSea","type":"other","url":"https://opensea.io/token/solana/8ueYmXVCR8hXTTatte7487za7CwiSKNBaeGVnwnLn4gP"},{"credibility":3,"name":"Pons Price, PONS Price — Coinbase (6hy1xqevzh9... mint)","type":"other","url":"https://www.coinbase.com/price/pons-solana-6hy1xqevzh9dgnxr6vxmc31ekd9vqrjmchdlfmtspump-token"},{"credibility":3,"name":"Pons Price, PONS Price — Coinbase (7nrshhxj2e... mint)","type":"other","url":"https://www.coinbase.com/price/pons-solana-7nrshhxj2ehxhahc6prdjrxsp13dzerjpes7wztfpump-token"},{"credibility":3,"name":"Pons Price, PONS Price — Coinbase Germany (2zapepw... mint, labeled 'ponsan')","type":"other","url":"https://www.coinbase.com/en-de/price/pons-solana-2zapepw51k1nfak5d3rjws26fge9anazkgobdd5bpump-token"},{"credibility":2,"name":"Phoenix Perpetuals — official site","type":"official","url":"https://www.phoenix.trade/"},{"credibility":2,"name":"Perpetual Futures docs — Phoenix","type":"official","url":"https://docs.phoenix.trade/phoenix/perpetual-futures"},{"credibility":2,"name":"Ellipsis Labs: Introducing Phoenix Perpetuals","type":"official","url":"https://www.ellipsislabs.xyz/blog-posts/introducing-phoenix-perpetuals"},{"credibility":2,"name":"What Is Pons? The Robinhood Chain Meme Coin Factory Token Up 18,000% Since July — Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/markets/crypto/articles/pons-robinhood-chain-meme-coin-204604745.html"},{"credibility":3,"name":"Is Pons Launchpad Legit or a Scam? — Bittime","type":"other","url":"https://www.bittime.com/en/blog/pons-launchpad-legit-atau-scam"},{"credibility":2,"name":"Pons.family Dominates Robinhood Chain Activity After Mainnet Launch — CryptoRank.io","type":"news_article","url":"https://cryptorank.io/news/feed/c74c9-pons-family-dominates-robinhood-chain-activity-after-mainnet-launch"}],"summary":"Pons is the native token of a pseudonymous, non-custodial token-launchpad platform ('meme coin factory') that deployed on Robinhood Chain, an Arbitrum-based Layer 2, shortly after that chain's July 1, 2026 mainnet launch. The canonical PONS token trades on Robinhood Chain at contract 0x39dbed3a2bd333467115de45665cc57f813c4571 with a market cap in the $400-500M range as tracked by CoinMarketCap and CoinGecko; the queue's cited Solana mint (8ueYmXVCR8hXTTatte7487za7CwiSKNBaeGVnwnLn4gP) and at least three additional Solana pump.fun-style addresses circulating under the 'Pons'/'ponsan' name appear to be separate, unrelated tokens riding the same name, and their legitimacy relative to the Robinhood Chain original could not be verified.","timeline":[{"date":"2026-07-01","event":"Robinhood Chain (an Arbitrum-based Layer 2) public mainnet launches.","source":"CryptoRank.io / multiple crypto trade press","source_url":"https://cryptorank.io/news/feed/c74c9-pons-family-dominates-robinhood-chain-activity-after-mainnet-launch"},{"date":"2026-07-15","event":"PONS token begins trading on Robinhood Chain at a fraction of a cent.","source":"Yahoo Finance","source_url":"https://finance.yahoo.com/markets/crypto/articles/pons-robinhood-chain-meme-coin-204604745.html"},{"date":"2026-07-17","event":"PONS hits an all-time low near $0.0033-0.0038.","source":"CoinMarketCap / Yahoo Finance","source_url":"https://coinmarketcap.com/currencies/pons/"},{"date":"2026-08-01","event":"Rival launchpad (Uniswap-backed Pools.trade) launches with zero fees, capturing roughly half of launchpad volume; PONS price crashes to about $0.016.","source":"Yahoo Finance","source_url":"https://finance.yahoo.com/markets/crypto/articles/pons-robinhood-chain-meme-coin-204604745.html"},{"date":"2026-09-05","event":"PONS reaches reported all-time high near $0.97.","source":"CoinMarketCap","source_url":"https://coinmarketcap.com/currencies/pons/"},{"date":"2026-09-22","event":"A Solana-denominated token also using the 'Pons'/'PONS' name (mint 8ueYmXVCR8hXTTatte7487za7CwiSKNBaeGVnwnLn4gP) is reported up 23% and listed in an intake queue as trading on Phoenix Perpetuals; this claim could not be independently verified and the mint's relationship to the Robinhood Chain-based PONS project is unconfirmed.","source":"AVOID.NET intake queue / OpenSea listing","source_url":"https://opensea.io/token/solana/8ueYmXVCR8hXTTatte7487za7CwiSKNBaeGVnwnLn4gP"}]},"v":1}