The PONS token, a non-custodial launchpad on Robinhood Chain, increased by more than 10% within 24 hours ending Oct. 7, even as both perpetual and spot crypto markets saw negative net flows. Perpetual markets experienced a net outflow of about $7.89 million, and spot markets had a net outflow of $1.64 million, indicating more selling than buying overall. Despite this, derivatives activity expanded with a positive funding rate and a 6% rise in open interest to $175.09 million, suggesting stronger leveraged trading. The concentrated estimated liquidation levels above the market could trigger buying if short positions are forcibly closed, potentially supporting the price further.
The PONS token rose more than 10% despite negative net flows in crypto markets. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Oct 08, 2026 08:21 WIB: out of 50 major cryptocurrencies priced on Pluang, 7 rose and 42 fell today. Notable movers include EGLD at Rp73.993 with a 1-day change of -7.10% and 100% buy order activity, CAKE at Rp40.364 with a -6.53% change and 57% sell order activity, and DOT at Rp20.129 with a -6.04% change and 65% sell order activity.
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PONS surged over 10% in 24 hours even as selling pressure persisted in both spot and perpetual markets, resulting in negative net inflows of about $7.89 million and $1.64 million respectively. Positive funding rates and a 6% rise in Open Interest to ...
