#PONS last night surged to a new high of 0.78 before starting a correction. Recently, I’ve been taking profits with small positions and sold more than 50,000 U. Last night, I also used more than 30,000 U to build a USDG/PONS liquidity pool. It was split into two LP positions: for the LP worth more than 20,000 U, I plan to withdraw it when the price drops to the lower bound of 0.58 and take back the PONS holdings, which is essentially replenishing the position I sold earlier at higher prices. The other LP worth more than 10,000 U is planned to be held until the upper bound of 1 dollar. If the market keeps fluctuating at high levels within the range and does not touch the upper or lower boundaries, I’ll just keep holding and earning LP fees. The current pool’s annualized return is 450-500%, and it can generate about 500 dollars in fee income per day.
This wave of PONS has already reached a high level in its main upward leg, and it will most likely see a shakeout and correction later. A 30x rise from the bottom won’t keep going up forever. The target for this main rally is around 1 dollar, and the extreme target is to challenge a 1 billion market cap. Doing LP during high-level consolidation is very cost-effective. If it later enters a consolidation period of about two months, LP can accumulate quite a lot of PONS tokens in preparation for the next main rally. LP is not suitable for building positions at low levels, because it’s very easy to end up losing all your PONS tokens at the bottom. So I didn’t dare set up LP at low levels. In addition, I reserved 20,000 U to place staggered buy orders in the LP lower-bound range of 0.4-0.57. If a deep pullback happens soon, I may be able to catch more cheap tokens. But judging from the current market manipulation style, it’s very hard to pull back that deeply. The trading style is very similar to hype, and the ability to hold up in declines is very strong. This is my recent strategy for dealing with PONS during its high-level volatility phase.
$MARSCOIN landed on Binance spot yesterday, and its trend has been a bit more resilient than expected. My position size is not large, and I’m not planning any short-term moves; I’ll keep holding it long term. I’m still very bullish on BSC’s Mars coin, and it’s the only BSC coin I’ve laid out for the long term. When I built my position at a market cap of more than 30 million, many people weren’t optimistic. They felt that most BSC projects were one-wave plays with very poor sustainability, and there were also negative factors at the time, so they believed that valuation was already too high. I judged then that it would be the first coin in the BSC bear-to-bull transition phase to list both Binance futures and spot market (when I announced my position, it had not yet listed futures or spot). And the coin-stock narrative, combined with Elon Musk’s Mars storyline, will be a hot direction in the next bull market. In the future major bull market, it will likely be chased by market capital, and it may become the benchmark meme leader on BSC. Holding the RH chain leader PONS in one hand and the BSC leader MarsCoin in the other, I’ll wait quietly for the arrival of the big bull market.