On September 4, Onchain Lens tracked address CUMBUCKET.ETH which spent 3.17 ETH (~$5,650) to buy 4.73 million PONS tokens. It later sold 3.73 million tokens for $1.74 million, still holding 1 million worth $666,000. Total realized and unrealized profit hits $2.4 million, a return of over 400x on initial cost.
On September 4, Onchain Lens said a whale address, CUMBUCKET.ETH, made a wild trade in the PONS token. It first spent 3.17 ETH, about $5,650, to buy 4.73 million PONS. Then it sold 3.73 million of those tokens and took in roughly $1.74 million.
It still holds 1 million PONS, now worth around $666,000. Put the realized proceeds together with the paper value of what remains, and the total profit from the trade comes to about $2.4 million from an initial $5,650 outlay — more than a 400x return.
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