PONS fell 10% in 24 hours, erasing its positive weekly gains. A whale sold 5.34 million PONS for 1,315 ETH worth $3.60 million, taking a loss of $578,000, executing orders of 500K tokens on Uniswap and KyberSwap DEXs. The launchpad’s network activity dropped sharply, with revenue falling from a peak of $11.24 million in early September to $2.37 million, a 5x decline in 19 days. Only 440,000 PONS were burned in 24 hours, compared to over 1 million the previous day. The price is heading toward the $0.55 support, with a bullish target at $0.95 and a bearish target at $0.37.
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