PONS rose above a $500 million valuation as on-chain activity highlighted a profitable leveraged trade on Aster DEX. Trader 0xe3bF deposited $54,000 six hours earlier and opened a 4x long position worth $226,000 on 447,135 PONS tokens. The position was showing an unrealized profit of about $8,600, or 15%, at the time of the update. The trade underscored growing momentum around PONS as the token moved past the $500 million mark.