Yesterday I opened a 20k position in $PONS @ an average entry of 302mn market cap Planning to scale this to 50/60k over the coming weeks, depending on ecosystem traction and price action My thesis in a nutshell (will elaborate over the next few days): 1. Robinhood is a ~100bn company and one of the largest retail trading platforms in the US. We’re talking about a major financial institution, not another speculative crypto startup 2. Vlad and his team have repeatedly made their ambitions clear: crypto infrastructure and tokenization are central to Robinhood’s longterm strategy. After 100+ days of activity, significant trading volume and substantial resources committed, I find it hard to believe they’d simply let the ecosystem fade away. 3. Pons has emerged as one of RH chain’s clearest winners. With over 14bn in cumulative launchpad trading volume reported by its analytics dashboard, it has demonstrated genuine traction and established itself as a major liquidity and activity hub within the ecosystem. 4. Pons is directly aligned with @vladtenev’s vision. Its infrastructure supports the creation and trading of assets paired with tokenized stocks, ETFs and other RWAs. This is precisely the direction RH wants to take onchain. 5. RH already has an established retail audience and global ambitions. Even a fraction of that audience eventually interacting with RH chain could represent a massive expansion of the ecosystem’s addressable market. 6. $PONS already has a presence on Coinbase. I see a future RH listing as a feasible next step, particularly given Vlad’s obvious awareness of the project. 7. The r/r is what interests me most. @ponsdotfamily has already demonstrated product-market traction in a relatively young ecosystem. If RH chain continues expanding and pons maintains its position I believe the market could significantly reprice its role in that growth. I’m betting on the ecosystem, lets see how this plays out.