Whales Drive Price Action in $PONS, $ZEC, and $HYPE

Large transactions in the cryptocurrency market have been making headlines lately, and recent hours are no exception. The altcoins $PONS, $ZEC, and $HYPE have seen significant activity from whales.

A whale sold 2.25 million $PONS tokens withdrawn from Binance for approximately $1.29 million worth of USDG and Ethereum, putting pressure on the price which fell by 12 percent on the day of the sell-off.

On the other hand, a whale who opened a long position in $ZEC about a month ago saw their unrealized profit approaching $10 million as the price rose to $1,534.70 from an average purchase price of $517.68.