Since mid-July, when its price started to rise, by early September the cumulative increase had exceeded 130 times. The token once reached $0.968 recently, but then fell back to around $0.815, with more significant short-term fluctuations.
On-chain data shows that wallet 0fc27 used 280.5 ETH a week ago, which is approximately 696,000 US dollars, to buy 2 million PONS. The average transaction price was about 0.347 US dollars. Based on the prices mentioned in the text, this position currently has a paper profit of about 830,000 US dollars.
Recently, the giant whale also bought 4Stock.
Apart from PONS, this wallet also used 575.2 BNB (approximately 431,000 US dollars) about 3 hours ago to buy 12.12 million 4Stock tokens at a transaction price of around 0.0356 US dollars. Currently, this position has a paper profit of about 81,000 US dollars.
Relevant transactions show that some large amounts of capital are still actively participating in high-volatility token trading, which also keeps the market highly attentive to short-term price changes.
$0.667 becomes a short-term support level
From the trend perspective, PONS has been on the rise since mid-July and broke through the upward consolidation range in late August, subsequently rushing towards $0.968. Although the price has fallen from its high point, the upward trend formed earlier has not yet been completely disrupted.
The current core price of concern in the market is $0.667. If it falls below this level, PONS may face further pullback pressure. If buying interest strengthens again, the price could test $0.968 once more and continue to challenge the $1 mark.
After a sharp rise, the risk of volatility remains.
PONS has recorded an extreme increase in less than two months, which means that both its price elasticity and the risk of pullbacks have significantly increased. For the market, the subsequent trend will first depend on whether the key support level can be held, and secondly, whether it has the conditions to make another upward move and set a new high.
In the short term, $1 has become the most closely watched integer level, while $0.667 is the main position that the bulls need to hold onto at present.
