Lookonchain: 0xD273 Sells 4.85M PONS at $645K Loss

Lookonchain flagged that trader 0xD273 offloaded its entire 4.85M $PONS position worth $1.24M plus 354,878 $AI worth $29K roughly ten hours ago, locking in a $645K loss.

The same wallet had been created only hours earlier and spent 790 ETH ($1.9M) to accumulate 5.24M $PONS.

PONS trades at $0.27 inside its 4-hour Bollinger Bands, with the upper band at $0.36 acting as immediate resistance and the lower band at $0.24 as short-term support. Price sits below both the EMA50 at $0.32 and EMA200 at $0.44, confirming the broader bearish structure while the MACD death cross at -0.02 keeps downside momentum intact; RSI at 36.21 remains neutral and leaves room for further drift toward the lower band before any relief bounce materializes.