🐳 Where is the money going?
“Bonk Guy’s portfolio shrank by over $15 million, with the value of its PONS holdings falling to $3.47 million.”
After the news broke, I asked just three questions about the money:
1. Which way is active buying and selling leaning?
2. Can trading volume for $PONS ($64.18 million in 24h) keep growing?
3. Are large amounts of funds flowing onto exchanges on-chain?
Only when all three point in the same direction does the news really carry weight; otherwise, it’s mostly just market sentiment noise.
What truly determines the price is the money, not the news itself.
#PONS
“Bonk Guy’s portfolio shrank by over $15 million, with the value of its PONS holdings falling to $3.47 million.”
After the news broke, I asked just three questions about the money:
1. Which way is active buying and selling leaning?
2. Can trading volume for $PONS ($64.18 million in 24h) keep growing?
3. Are large amounts of funds flowing onto exchanges on-chain?
Only when all three point in the same direction does the news really carry weight; otherwise, it’s mostly just market sentiment noise.
What truly determines the price is the money, not the news itself.
#PONS