Uniswap Labs has purchased PONS, the token of the memecoin launchpad on Robinhood Chain, citing “long-term alignment” with the project.

The deal sent PONS up more than 40% to a new all-time high of $0.75, extending its two-week gain above 1,769% and monthly rally beyond 2,713%.

Neither Uniswap Labs nor Pons disclosed the size, price, or structure of the purchase, while it remains unclear whether the tokens were bought on the open market or received through an allocation.

ℹ️ Pons has also seen significant activity growth:

• $5.95M in fees generated over the past 24 hours

• $28.83M in fees over the past 7 days

• 63%+ of Robinhood Chain launchpad volume

• 29.34% of total PONS supply reportedly burned

• ~80% of protocol fees used for PONS buybacks and burns

Robinhood Chain now accounts for 56.3% of Uniswap's total trading volume across all supported networks, with $901.5M in 24-hour volume.

The development comes as Uniswap operates its own launchpad, Pools trade, on the same chain, creating an interesting overlap between the two ecosystems.

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