PONS: Largest Short Flips to $1.4M Profit

PONS continues lower, allowing the largest on-chain short held by @loraclexyz to swing from a $6.57M unrealized loss to a $1.4M profit on 17.79M tokens valued at $16.31M.

The trader, who previously lost $70M on HYPE, added to the position despite attempts by @mlmabc to coordinate a squeeze that now appears unlikely to succeed.

With price testing the lower Bollinger support at $0.62 while the MACD prints a death cross and sits below the EMA50 resistance at $0.67, the bearish structure points to sustained downside pressure before any potential relief toward the EMA200 floor at $0.35; traders updating PONS price prediction models should factor this confluence into near-term crypto market crash scenarios.