Lookonchain said Cumberland kept buying PONS on weakness even as the token price moved lower. Over the past 10 days, the trading firm withdrew a total of 16.55 million PONS from Gate, with the position valued at about $9.37 million. The reported average purchase price was $0.67 per token. The move points to continued accumulation during a decline, based on the on-chain activity cited by Lookonchain. No additional details on Cumberland’s trading intent or subsequent transfers were disclosed in the source post.
According to Lookonchain, Cumberland continued buying PONS on dips despite a decline in the token’s price.
Over the past 10 days, Cumberland withdrew a total of 16.55 million PONS from Gate, valued at about $9.37 million, at an average price of $0.67.
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