Pons (PONS) climbed to a record high of $0.73 on Friday after Uniswap Labs disclosed a purchase of the token, lifting the price roughly 41% in a day.

The milestone adds to a rally, which has lifted the meme coin 2534.7% in the past month and divided traders sharply.

Uniswap Purchase Follows Weeks of Launchpad Rivalry

Pons said the purchase deepens an existing relationship between the two teams. Neither side disclosed the size of the buy or the price paid.

The purchase carries weight because the two products compete directly. Uniswap Labs launched its own launchpad, Pools, on the Robinhood Chain in early August, positioning it against Pons on the same chain.

PONS had already set a record high a day earlier after a Binance Alpha listing. The token has now extended that run.

The token has added 407.70% in seven days, per CoinGecko. Other launchpad tokens rose 5.70% in that window, against 0.80% for the broader crypto market as a whole.

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Traders Post Sharply Different Results

The meme coin’s rally rewarded holders and punished sellers. Lookonchain data shows that trader Unipcs spent $67,700 on 10.9 million PONS and never sold them. That stake is now worth $7.52 million, a 110x return.

Trader 0xbb94 exited early instead. The wallet bought 7.82 million PONS for $302,600, then sold them for $231,300 after a 20% drop, missing out on $5.3 million in later gains.

Supply mechanics also support the price. Pons says 29.34% of the total PONS supply has been burned. 80% of protocol fees fund programmatic accumulation of the token.

Similar buybacks have supported prices elsewhere in the market. Still, the price impact of a buyback-and-burn program depends on both the mechanism’s existence and its scale. A relatively small buyback may have little effect on a deeply liquid market.

Meanwhile, a larger program that removes a meaningful share of circulating supply can create stronger upward pressure, particularly if demand remains steady. This makes sustained launchpad activity the variable to watch.

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Source: BeInCrypto