PONS Wallet Sells $3.6 Million in PONS as Daily Fees Top $2 Million
The wallet sold 5.34 million PONS for 1,315 Ether after realizing a $578,000 loss. The platform recorded more than $2 million in daily fees on Sept. 22 and 23.
The wallet 0x2ae2 sold 5.34 million PONS for 1,315 Ether (ETH), worth about $3.6 million, in a transaction that resulted in a $578,000 realized loss.
The wallet still held 1.69 million CASHCAT valued at $285,000, representing a $151,000 decline, and 8.59 million 4STOCK valued at $127,000, down $264,000.
PONS was priced at $0.6116 at 9:01 a.m. ET (13:01 UTC) on Sept. 24. The available figures do not establish that the wallet’s sale alone caused a broader 24-hour decline or confirm a support level near $0.55.
Pons is a non-custodial platform for launching and trading tokens on Robinhood Chain. Its documentation says users trade directly from their wallets and warns that token launches can be volatile, illiquid or lose all value. Prices are determined by each token’s live trading pool.
The platform recorded $2.44 million in fees on Sept. 23 and $2.58 million on Sept. 22. A 24-hour snapshot on Sept. 24 showed $1.96 million in fees.
A leveraged PONS short position was profitable while its broader portfolio carried an unrealized loss of about $7.75 million. At 11:06 p.m. ET on Sept. 23 (Sept. 24, 03:06 UTC), the 984,765-PONS position was about $55,000 in profit, extending TokenPost’s earlier coverage of the leveraged short.
Pons’ trading model leaves users exposed to sharp price movements because liquidity and pricing depend on individual token pools. The platform’s documentation also says launch liquidity is locked automatically.
