PONS token rallies 41% to new all-time high as traders project mixed fortunes

PONS token logged a record high to reach $0.73 on Friday after Uniswap Labs disclosed its purchase of the token, boosting the price by about 41% in a single day. This achievement adds to a rally that pushed the meme coin up 2,534.7% over the past month and sharply divided traders. Uniswap's purchase followed weeks of competition between platforms.