PONS Price Eyes $1 Target After 13,000% Rally in Under Two Months

The price of PONS has seen an astonishing 13,000% increase since mid-July. In late August, it broke out of an ascending triangle and surged towards $0.968.

One whale, identified by wallet address 0xfc27, purchased 2 million PONS at $0.347 per token a week ago, spending 280.5 ETH worth $696,000. This position now carries an unrealized profit of $830,000.

The same wallet also invested in 4Stock tokens, buying 12.12 million tokens at $0.0356 each three hours ago for 575.2 BNB worth $431,000. This investment currently shows an unrealized profit of $81,000.

With the PONS price having slipped to around $0.815, the question on everyone's mind is whether it can hold onto its key demand level at $0.667. If momentum returns, PONS could retest $0.968 or even push above $1.00 and establish a new all-time high.