Buyback Radar

Pons PONS

Sell signal activeRank#36▲2Score35

Sell signal since Oct 30. REV30 fell to 0.2× of the previous 30 days; REV ratio 0.8×, HR ratio 0.4×. Still open: gradual decline over 30 days still holds. Also active: Distribution cut. See Signals.

Launchpad, Robinhood Chain, 121 days of data,

Active signals 2

  • Distribution cutheld since Oct 23

    Paid to holders this week $111k, 13% of its usual $865k per week. Revenue this week $210k.

    Payout to holders cut: revenue this week $210k, 0.8× the week before, paid to holders 13% of its usual week. Still open: the payout has not recovered.

  • Sell signalsince Oct 30

    Revenue over 30 days $1.4M, 16% of the 30 days before ($9.1M).

    Gradual decline over 30 days: revenue this week $210k, 0.8× the week before, paid to holders 0.4× the week before. Still open: gradual decline over 30 days still holds.

Market cap

$99.8M

price $0.146 · 7d −35.2% · 30d −48.4%

FDV $98.3M (1.0× market cap)

source defillama

Buyback revenue / year

$17.4M

holders revenue of the last 30 days, $1.4M, × 365 ÷ 30 (capped at revenue; before the cap $1.7M)

Buyback + burnbuyback share 118%

DefiLlama books 2525.5% of pons-v1's revenue as holders revenue; the project itself says 80% of its revenue. See How the buyback really works.

Buys back 17% of its market cap a year, spending 118¢ per $1 earned: more than it earns.

Funded from treasury, not from revenue: holders got $1.7M in 30 days while the protocol earned $1.4M. Only the revenue-backed part ($1.4M) counts here.

Multiple

5.7×

peer median 1.7× (Launchpad, 5 tokens), against 5.7× here

Run-rate

17.3×

last 7 days $111k × 52 = $5.8M a year

last week's payout to holders ran at 33% of the 30-day pace: the payout is slowing

What we checked

  1. Valuation

    Multiple 5.7×, 3.4× more expensive than its Launchpad peers (median 1.7×, 5 tokens). The group's largest earner Pump trades at 5.8×: 1.0× cheaper per dollar returned to holders. On total revenue: 5.7×, in line with the revenue peer median.

  2. Distribution

    Buyback + burn: Revenue buys the token on the market and the bought tokens are burned. Holders got $1.7M of $1.4M revenue in 30 days → buyback share 118%. More went to holders than the protocol earned: the excess is paid from the treasury and is not counted. DefiLlama: “Protocol Revenue to Buyback and Burn: Around 80% of revenue is used to buyback and burn $PONS tokens.”

  3. Sustainability

    Holders were paid on 30 of 30 days (100%); largest single day 16% of the month's holders revenue; paid to holders this week: 1% of the best week in 90 days (more than half below peak). Revenue −18% over 7 days and −84% over 30 days, price −48% over 30 days.

What this does not tell you

The figures come from DefiLlama's adapter for each child protocol. Only a few tokens have an on-chain check (see How the buyback really works); for the rest, whether the tokens were really bought, burned or parked in a treasury wallet is not checked here. Unlocks count where DefiLlama or our research has a vesting schedule; team discretion and liquidity depth only once researched.

Flags

  • Sell signalactive since Oct 30; REV30 fell to 0.2× of the previous 30 days; REV ratio 0.8×, HR ratio 0.4×. Still open: gradual decline over 30 days still holds. See Signals
  • Distribution cutheld since Oct 23, before tracking started; paid to holders $111k in the week to 2026-11-11 vs $865k per week from 2026-08-13 to 2026-11-04 (13%) while REV7 is $210k ($257k the week before); last payout 2026-11-11. Still open: the payout has not recovered. See Signals
  • Payout >50% below peakthis week's holders revenue is 1% of its best week in the last 90 days ($8.0M)
  • Treasury-fundedbuyback share 118%: holders got $1.7M in 30 days while the protocol earned $1.4M; part is paid from the treasury, so the multiple only counts $1.4M
  • Paid out above revenueholders got $1.7M in 30 days, more than the $1.4M revenue; the multiple counts $1.4M

How the buyback really works

Researched Nov 1, 2026 · 4 wallets: 2 high, 2 medium confidence

  1. The moneyPaid from ongoing revenue
  2. The buyerThe team decides when and how much
  3. The tokensBought tokens are burned

The project says 80% of its revenue goes to buybacks; DefiLlama books more than all (2525.5%) of pons-v1's revenue as holders revenue.

On-chain: $1.7M bought back over 29 days = 100% of what DefiLlama reports for the same days.

A recomputation with DefiLlama’s own method: it confirms DefiLlama’s figure on-chain, not an independent count.

Method: Robinhood Chain RPC eth_getLogs: PONS from the two buyback burners to 0x…dEaD (DefiLlama method). Checked November 12, 2026.

Red flags 4

  • Docs: 'A manual buyback is running via an automated TWAP using 80% of protocol fees. This amount is not immutable yet'. It is therefore a team-controlled program via one EOA and one upgradeable proxy contract.
  • DefiLlama's calculation comment notes that the burns are also funded from Pons V2 revenue (ponsdotfamily-v2 does not measure burns) and happen in batches, making protocol revenue negative on some days. Burns can exceed tracked revenue; the funding source per period therefore cannot be fully reconciled.
  • The V2 'buyback' of launched meme tokens (vault 0x42df2a798f82289E177311362e8f5ccC45c1219c, listed in the V2 docs) is NOT a PONS buyback and must not be counted.
  • Memecoin launchpad on a young chain; revenue depends on launch activity.
Buyback wallets 4
Sources 6

Open the buyback wallets in their explorer and look for regular purchases of the token.

Check it yourself (technical)

Run eth_getLogs on Robinhood Chain (chainId 4663 = 0x1237, RPC https://rpc.mainnet.chain.robinhood.com, in chunks) for Transfer of token 0x39dBED...4571 with topic2 = 0x...dEaD and topic1 = one of the BURNER_WALLETS (0x5795d2... or 0xda4bce...). Sum the PONS and value per tx (ETH/WETH out in the same tx) or at the daily price. This is exactly the addTokensReceived method of the DefiLlama adapter (fees/ponsdotfamily). Cross-check: api.llama.fi/summary/fees/pons?dataType=dailyHoldersRevenue.

Holders revenue / revenue (30d)
$1.7M / $1.4M
last 30 closed days
To holders
Buys back 17% of its market cap a year
FDV / dilution
$98.3M / 1.0×
FDV ÷ market cap
Price 7d / 30d
−35.2% / −48.4%
Revenue growth 7d / 30d
−18% / −84%
versus the period before
Divergence
0.00
revenue growth minus price growth, 30d
DEX liquidity
$4.9M
DexScreener, representative pools
24h volume
$16.4M
all markets, CoinGecko
Unlocks 30d
—
no unlock schedule for this token
Revenue multiple
5.7×
market cap ÷ revenue per year
Fee multiple
0.9×
market cap ÷ fees per year
Distance to peak
1%
this week ÷ best week of 90 days
Data since
Jul 14
first day with holders revenue

Holders revenue and price

Holders revenue per day7-day averagePrice (right axis)▲ ▼ signal days (history below)

Multiple over time

today 5.7× (scored) · peer median 1.7×

Market cap at close ÷ (holders revenue of the previous 30 days × 365 ÷ 30), with holders revenue capped at revenue and × the type factor: the same effective multiple as the peer median. Values above 100× are drawn at the top. Bands as on the meter; dashed line = peer median today.

Signal history

Signal history of this token: date, type, price at the signal, price after 7 and 30 days, change since the signal and the outcome
DateSignalPrice thenAfter 7dAfter 30dSinceOutcome
October 23, 2026Distribution cutactive$0.241−34%—−39%not counted
October 31, 2026Multiple below medianvoided Nov 1: rule change of 1 Nov 2026: it would not open under the current rules$0.228−25%—−36%not counted
October 31, 2026Sell signalactive$0.228−25%—−36%30-day check: day 11

Versus peers

Launchpad · 6 tokens (5 with a multiple) · median multiple 1.7× · Pump is valued 15.5× higher. Per dollar that counts for holders, Pons is 1.0× cheaper.

Main-ranking peers only. Multiples count holders revenue capped at revenue, × the type factor (buyback 1 · buyback + burn 1 · burn 0.75 · mixed 0.75 · distribution 0.5 · unclear 0.5 · ve-distribution 0.25).

This token against its main-ranking peers: multiple, revenue multiple, buyback share, holders revenue, market cap and revenue growth
TokenDistributionMultipleRevenue multipleBuyback shareTo holders 30dMarket capRev. growth 30d
OTCBuyback + burn0.5×0.2×43%$292k$1.9M+111%
SaplingBuyback + burn0.9×0.7×82%$100k$1.1M−30%
StonkFunBuyback + burn1.7×1.0×60%$1.7M$34.5M−88%
Ponsthis tokenBuyback + burn5.7×5.7×118%$1.7M$99.8M−84%
PumpleaderBuyback5.8×2.6×44%$21.9M$1.54B−24%
BONK.funMixed∞11.7×95%$1.5M$233.7M−67%
Score build-up35 of 100

Total score = 35% valuation + 25% momentum + 20% divergence + 20% quality − penalties, clamped to 0–100. Every number here can be recomputed from the figures on this page.

35of 100#36▲2top 70%
Valuation 22.5Momentum 4.0Divergence 0.0Quality 13.3penalties −5= 34.7
Valuation35%
64Valuation 64.3: HR half 81.5 (multiple 5.75×; 100 at ≤3×, 0 at ≥100×, log scale), revenue half 47.1 (revenue peer value 0.94×; 0 at ≤0.33×, 50 at 1×, 100 at ≥3×, log scale).Average of two halves. HR half: linear in log(multiple), 100 at ≤ 3×, 0 at ≥ 100×, 0 without effective HR. Revenue half: linear in log(revenue peer value), 0 at ≤ 0.33×, 50 at 1×, 100 at ≥ 3×; neutral 50 when the peer group falls back to the universe.
Momentum25%capped
16Momentum 15.9: m = 0.5·g7 −0.203 + 0.3·(ln(day jump 0.78) clamped ±1.5 = −0.252) + 0.2·g30 −1.500 = −0.477; 0 at ≤−0.7, 50 at 0, 100 at ≥1.1.m = 0.5·g7 + 0.3·ln(day jump, clamped ±1.5) + 0.2·g30; 0 at m ≤ −0.7, 50 at 0, 100 at ≥ 1.1. Neutral 50 when g7 or g30 is missing; a missing day jump counts as 0.
Divergence20%capped
0Divergence 0.0: d = g30 − p30 = 0.000; 0 at ≤0, 100 at ≥1.5.d = max(0, g30 − p30) when g30 > 0; 0 at d ≤ 0, 100 at d ≥ 1.5, linear.
Quality20%
66Quality 66.3: mean of days HR>0 100% → 100.0 (0 at ≤30%, 100 at ≥90%), largest day 16% of HR30 → 98.8 (0 at ≥60%, 100 at ≤15%), distance to peak 0.01 → 0.0 (0 at ≤0.25, 100 at ≥0.9).Average of: share of days with HR > 0 (0 at ≤ 30%, 100 at ≥ 90%), 1 − largest day ÷ HR30 (0 at ≥ 60%, 100 at ≤ 15%) and distance to peak (0 at ≤ 0.25, 100 at ≥ 0.9).
  • Penalty −5 (team_discretion): buyback at the team's discretion.

HR7 is below 50% of its 90-day peak: momentum and divergence are capped at 50. This is not a penalty; the distance already counts in quality.

Penalties−5

−5Buyback at the team's discretionbuyback at the team's discretion

9 rules not applied, 2 wait for research data.

Where the numbers come from
Revenue source
2 active children
DefiLlama adapter per child
Price and market cap
defillama / defillama
latest fetch
Scored on
November 11, 2026
as-of date of the last compute run
On-chain verified
yes
checked Nov 12
Protocols behind this token2 at DefiLlama

Per protocol: DefiLlama's methodology text, the distribution type we read from it and the sentence that decided it. The token takes the type of the protocol that returns the most to holders.

  • Pons V1
    Launchpad · Robinhood Chain
    type buyback-burn · source label
    “Protocol Revenue to Buyback and Burn: Around 80% of revenue is used to buyback and burn $PONS tokens.”

    Around 80% of revenue is used to buyback and burn $PONS tokens.

    Protocol Revenue to Buyback and Burn
    Around 80% of revenue is used to buyback and burn $PONS tokens.
    adapter on GitHub ↗
  • Pons V2
    Launchpad · Robinhood Chain
    type unclear · source none

    No methodology text at DefiLlama.

    adapter on GitHub ↗