Bonk Guy highlights PONS undervaluation as Bonk sees mixed buying
Bonk (BONK)
Editor:
Eugene Serbin
lookonchain.com reports that prominent trader Bonk Guy identifies PONS as a significantly undervalued protocol. He notes the platform generated $1.34 million in revenue in a single day with activity still ongoing. PONS boasts an annualized revenue of roughly $202 million against a market cap of $434 million.
The protocol holds $3.7 million in its buyback wallet, which is accumulating funds faster than they are deployed for TWAP purchases. Bonk Guy argues that a protocol with over $200 million in annual revenue is worth billions, yet is currently sold for pennies. This asset remains the largest holding in Bonk Guy’s portfolio, valued at $6.9837 million with a 10213.81% return.
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How the market reacted
Whalio's own Binance spot order flow for BONK, measured when this story was written up on 10 September 2026. Not the outlet's figures.
Bonk is currently trading at $0.000002880 with a 1-hour buy ratio of 70.0%, indicating strong immediate buying pressure. This short-term bullishness contrasts with the 4-hour buy ratio of 57.0% and the 24-hour ratio of 50.5%, suggesting the intensity of buying is moderating over longer timeframes. Volume delta shows positive inflows of $42,605 in the last hour and $46,113 over four hours. However, the 24-hour volume delta is slightly negative at $46,004, and cumulative volume delta closed at -$32,029. This indicates that while recent trades favor buyers, the broader 24-hour trend has seen slightly more selling volume than buying volume. Spot volume reached $4,078,628 with 18,699 trades in the last day.
The latest daily buy ratio of 48.9% sits at the 38th percentile of the last 324 days, against a median of 49.6% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for BONK, averaged over the days leading up to the story.
Compared to the preceding week, today’s 24-hour buy ratio of 50.5% is higher than the 7-day average of 48.1%, representing a +2.4 point increase. This suggests today is an unusually bullish day relative to the weekly norm. However, spot volume is only 0.81x the weekly average, indicating lower participation. The 8-day volume delta was -$1,139,268, showing a net outflow over the longer period. Price has declined 1.4% over the last 8 days, with only 1 of 7 days showing net buying.