Whale dumps 5.34M PONS for $3.67M at a $200K loss
- —5.338 million PONS sold at an average price of $0.6779
- —Proceeds from the sale totaled about $3.67 million
- —Average entry price was $0.7154, implying a ~$200K loss
- —PONS dropped from $0.6968 to $0.6688 (-4%) during the sale
Why it matters: The liquidation of the whale's largest on-chain holding pressures PONS and signals capital rotating out of Robinhood Chain memecoins.
Source: PANews