Markets· ★★· bearish·

Whale holds 14.85M PONS short with $2.12M unrealized profit

  • —Short position of 14.85M PONS, value about $6.26M
  • —Unrealized profit of $2.12M, position return 50.6%
  • —Added 1.09M PONS to the short on the day at 2x leverage
  • —PONS dropped 21.3% in 24 hours to $0.42
Why it matters: A large short sitting on a 50% gain adds pressure on PONS and signals bearish sentiment toward the token.
#PONS
Source: TokenPost
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