A whale withdrew 2.25 million PONS from Binance and sold the tokens for about $1.29 million in USDG and Ethereum, sending PONS down 12% on the day. Another whale’s 9,810-ZEC long position, opened about a month earlier at an average $517.68, showed an unrealized profit of $9.98 million after ZEC rose to $1,534.70. The same investor held a 3,550-ETH short with an unrealized loss of about $2.60 million. Hyperliquid burned 26,310 HYPE worth approximately $2.42 million over 24 hours, bringing cumulative burns to 48.76 million tokens. HYPE’s market value was about $4.50 billion, equal to 4.88% of its maximum supply, while Hyperliquid’s revenue reached $64.34 million over 30 days and $1.26 billion cumulatively.