Nailed it! 🙌. A newly active wallet, 0xd273...8470c, made a big bet on $PONS early today.
The wallet spent 792.4 $ETH, worth over $1.98M, to buy 5.24M
#PONS at an average price of $0.37697.
The trade didn’t start smoothly, though. At one point, the position was sitting at a floating loss of around $463K.
But as $PONS continued climbing and hit a new all-time high, pushing its market cap above $300M, the wallet’s position flipped into a floating profit of approximately $313K.
From -$463K to +$313K --- sometimes conviction really does pay off.
Wallet: 0xd273f501b539affb92431273e3cf9a5966f8470c