PONS trader misses over $2 million after selling for $556 profit

An address bought 19.98 million PONS tokens for 0.25 ETH, worth $610, and later sold them for 0.47 ETH, or $1,166, making a profit of just $556. The tokens are now valued at $2.2 million, leaving the address more than $2 million short of the potential gain it would have made by holding them. Lookonchain monitoring cited by BlockBeats on Aug. 26 identified the trade. GMGN also reported that PONS, a Robinhood Chain ecosystem token, surpassed a market capitalization of $115 million on the same day, reaching an all-time high.

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