PONS jumps 25% to $0.30 as spot and futures volume surge
- —PONS gained 25.12% in 24 hours, approaching $0.30
- —Spot volume rose 95.43% to $48.74 million
- —Derivatives volume climbed 187.88% to $187.05 million; OI up 29.98% to $121.55 million
- —66.05% of Binance top traders are long, with a long/short ratio of 1.95
Why it matters: The rally is backed by volume and open interest, but heavy long positioning raises the risk of cascading liquidations if the price reverses.
Source: AMBCrypto