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Pond0x DEX Touts $100M Volume Amidst Scam Allegations

Decentralized exchange (DEX) Pond0x has reportedly achieved a total trading volume exceeding $100 million despite scam allegations. In a recent post on X (formerly Twitter), the project's official channel referred to a Dune dashboard that displayed over $111 million in all-time trading volume as of September 29. As of now, the dashboard shows a total trading volume of $112.4 million. Pond0x's latest milestone comes despite concerns and allegations of scams surrounding the launch of the exchange's native token, PNDX. The controversy began when the project launched the PNDX token on July 28. In a post on X, Cahen shared the URL to an app that allowed users to deposit a fixed amount of Ethereum.

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