PONS: Wallet Withdraws 69.125M Tokens from OKX

Lookonchain flagged a wallet created three months ago that withdrew 69.125 million $PONS ($13.97 million) and 5,887 $ETH ($13.45 million) from OKX in the last 12 hours.

PONS trades at $0.2 inside the Bollinger bands with upper resistance at $0.26 and lower support at $0.18. The structure remains bearish as price sits below the EMA50 at $0.23 and the EMA200 at $0.33. MACD holds a death cross at -0.01 while RSI at 33.96 shows neutral momentum that still allows further downside before oversold conditions appear. A test of the 50-EMA resistance looks probable on any short-term bounce before the lower band at $0.18 comes into play.