PONS Whale Turns $5.6K Stake into Whopping $2.4M Gain
A whale investor in PONS has turned their initial stake of $5.6K into a staggering $2.4M, according to blockchain.news.
The whale, identified by wallet address 0xf033364d8c1F89C97Fb3888e4f06666A206f1804, bought an enormous 4.73 million PONS tokens for just 3.17 ETH ($5.65K) and then sold off a significant portion of their holding.
The whale retained 1 million tokens valued at $666K, raking in an impressive total realized plus unrealized gain of approximately $2.4M.
PONS is currently trading at $0.64, riding high on a bullish structure that has seen its price soar above the EMA50 support at $0.37 and EMA200 at $0.17.