PONS Smashes $500M Market Cap Amid Trader's Hefty Bet
PONS has broken through the $500 million market cap barrier after a significant trading move. A trader known as '0xe3bF' deposited $54,000 into Aster DEX and opened a 4x long position on 447,135 tokens worth $226,000, resulting in an unrealized profit of $8,600.
The price action on the 4-hour chart is currently at $0.49 within a bullish structure defined by the EMA50 at $0.30 and the EMA200 at $0.14. While the RSI remains neutral at 68.57, the MACD prints a death cross, suggesting a possible retracement towards the 50-EMA support at $0.30 before continuation.
The trading activity has led to updated price prediction models that now factor in this leveraged flow alongside broader crypto market crash risks.