Cumberland withdraws 16.55M PONS worth $9.37M from Gate in 10 days
- —Cumberland withdrew 16.55 million PONS from Gate over 10 days
- —Total withdrawals were $9.37 million at an average price of $0.67
- —Accumulation continues amid a decline in the PONS price
Why it matters: A major market maker is building a PONS position, which may signal preparation for market making or a bet on a token rebound.
Source: PANews