• Pons daily fees rose from roughly $250,000 on Aug. 20 to $11.4 million on Sept. 5.
• Fees at Robinhood Chain's leading token launchpad returned to roughly $250,000 by early November.
• The PONS token's market capitalization retreated from above $600 million to roughly $120 million.
• The fee cycle lasted under three months, illustrating how quickly speculative capital rotates as narratives shift.

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