#pons Yesterday it broke 0.5, and then rebounded strongly by 20% to around 0.65. Yesterday, I and a friend analyzed why pons got dumped so low. First, there were still profit-taking sell-offs from big holders that hadn’t been fully cleared. One big-holder address I was tracking kept selling the whole time; it has now finished off all its distribution. So far, the big holders’ profit-taking selling is basically over, and the remaining big holders likely won’t move again. Second, the winter market-maker and the global top-tier old market-maker, cumberland, have been deliberately pressuring pons’ price. The winter market-maker is known for smashing prices hard and then pumping hard. Yesterday another cumberland address showed it swept up 2.5 million pons in the move; its total accumulated position is currently 16 million pons. The market-maker has been suppressing the price to buy heavily at low levels in preparation for lifting it on the big exchange later. Third, on Hyperliquid, pons’ #1 short, Loracle, started accelerating the closing of its pons short positions yesterday—this is also one of the factors behind today’s rebound. You can tell: these three factors increase the likelihood that pons has likely bottomed out in the near term. If the broader market drops and causes pons to probe a second low, that would be the last best opportunity this year to add to pons. In terms of action: after the Binance futures contract turned me from loss to profit, I sold 3000U, increased it into the margin, and the liquidation price is currently 0. I also kept a little extra to capture some spreads and earn back some funding fees.
$MARSCOIN Yesterday it continued to fall, briefly breaking below 0.09. Actually, like pons, it was also the main force dumping to complete accumulation; it just doesn’t have as good an “elasticity” as pons. It’s still hovering at a low level now. Operationally, I added 5000U around 0.09. Yesterday a netizen asked about my cost basis. I calculated that when I posted and published my positions, I had 537,000 coins with a cost of 22,000U at an average of 0.0413. After listing on Binance, it surged to a highest of 0.26, and my maximum unrealized profit reached 140,000U—but I didn’t sell a single unit. It then fell into the 0.14–0.09 range. During that period, I added a total of 460,000 coins, investing 53,000U; this tranche’s average price is 0.114. Currently my total position is 1 million coins, with total investment of 75,000U and an average cost of 0.075U. Yesterday it broke below 0.09, basically down near my cost basis. But I’m not worried at all about Marscion’s upside potential in the future. If there are new lows later, I will continue adding.
$MARSCOIN Yesterday it continued to fall, briefly breaking below 0.09. Actually, like pons, it was also the main force dumping to complete accumulation; it just doesn’t have as good an “elasticity” as pons. It’s still hovering at a low level now. Operationally, I added 5000U around 0.09. Yesterday a netizen asked about my cost basis. I calculated that when I posted and published my positions, I had 537,000 coins with a cost of 22,000U at an average of 0.0413. After listing on Binance, it surged to a highest of 0.26, and my maximum unrealized profit reached 140,000U—but I didn’t sell a single unit. It then fell into the 0.14–0.09 range. During that period, I added a total of 460,000 coins, investing 53,000U; this tranche’s average price is 0.114. Currently my total position is 1 million coins, with total investment of 75,000U and an average cost of 0.075U. Yesterday it broke below 0.09, basically down near my cost basis. But I’m not worried at all about Marscion’s upside potential in the future. If there are new lows later, I will continue adding.
