PONS Trader: Misses Over $2M Profit on Sale
PONS trader sold 19.98M tokens for $556 profit after buying with 0.25 ETH; holdings now worth $2.2M at $0.12 price amid bullish 4h signals.
SourceAnalysis
@lookonchain flagged a wallet that bought 19.98M PONS for 0.25 ETH ($610) and sold for 0.47 ETH ($1,166), locking in just $556. Those same tokens now value at $2.2M.
With PONS price at $0.12 the position reflects classic early-exit regret in a token that has extended its run. Price action on the 4h chart sits in a bullish trend above EMA50 at $0.06 and EMA200 at $0.04 while MACD registers a golden cross at 0.02; however RSI at 83.0 signals overbought conditions as price tests the upper Bollinger band resistance at $0.12, suggesting a probable retracement toward the 50-EMA support before any further continuation.
Lookonchain
@lookonchainLooking for smartmoney onchain