Whale unloads $3.7M in PONS, sending price down 4%

An anonymous whale sold its entire holding of 5.338 million PONS worth $3.67 million at an average price of $0.6779, according to on-chain analyst ai_9684xtpa. During the sale, PONS fell about 4% from $0.6968 to $0.6688. The whale’s average purchase price was about $0.7154, putting the estimated loss on the trade at around $200,000.