A crypto trader spent 181 ETH, valued at roughly $443,000, to buy 7.99 million PONS tokens, then sold the entire position for 135,000 USDG after the price fell, incurring a reported $308,000 loss. Lookonchain said PONS later rose approximately 1,100% over two weeks, putting the tokens’ estimated value near $3.46 million and the missed paper profit at about $3 million. PONS has a market capitalization of around $275 million and is closely connected to Robinhood Chain. The episode follows another early-selling loss in 2024, when a trader bought 7.2 million Restore the Republic tokens for more than $900,000 and later sold them for $18,000 after the Trump-related meme coin collapsed.