$PONS, one of the most discussed altcoins on the Robinhood Chain platform launched in July, continues to attract attention in the cryptocurrency market.
While many investors continue to add PNS to their portfolios, the latest move was made by Uniswap Labs, the developer of the decentralized exchange Uniswap.
The $PONS team announced via X that Uniswap Labs has purchased $PONS tokens. The project stated that this step aims to deepen the partnership between the two parties and strengthen long-term cooperation.
“Strengthening our partnership with Uniswap, Uniswap Labs has acquired $PONS for long-term collaboration.”
$PONS Price Rises Following This News!
Following the news that Uniswap Labs purchased $PONS tokens, their price surged sharply. According to CoinDesk data, after this event, the price of $PONS increased by over 30%, surpassing the $0.7 mark.
However, no information was provided regarding the size of the acquisition deal made by Uniswap Labs.
The number of $PONS tokens purchased, their purchase price, and the total transaction amount were not disclosed. Furthermore, it remains unclear whether the tokens were acquired on the open market or distributed to Uniswap Labs by the $PONS company.
As is known, $PONS, despite being a launch project operating on Robinhood Chain, utilizes the Uniswap V4 infrastructure for token transactions. New tokens created on the platform can be moved to Uniswap V4 liquidity pools after reaching a certain market capitalization. Such a structure allows the $PONS and Uniswap ecosystems to jointly benefit from the trading volume and liquidity of these tokens.
*This is not investment advice.
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