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PONS token drops 12.3% amid falling demand and shrinking Robinhood Chain activity

Market News
28 Sep 2026
AMBCrypto
View Source
Bearish
PONS token drops 12.3% amid falling demand and shrinking Robinhood Chain activity

PONS token fell 12.3% due to a sharp decline in Robinhood Chain activity, with daily token launches dropping from 36,000 to 6,000. This reduced ecosystem demand led to an 88% revenue drop and a collapse in daily buybacks, weakening the token's price support. Technically, PONS is testing key support levels in a symmetrical triangle pattern, with potential recovery if it holds above $0.58. Overhead liquidity clusters between $0.55 and $0.65 could fuel a rebound, but failure to maintain support may push prices toward $0.50.

PONS crypto revenue plunged 88%, highlighting a sharp decline in ecosystem activity. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 28, 2026 21:27 WIB: out of 50 major cryptocurrencies, 10 rose and 39 fell. Notable movers include GRT at Rp562 with an 11.91% increase and 87% sell order activity, BAL at Rp16.297 up 11.14%, and UNI at Rp159.729 down 9.65% with 65% buy order activity.

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