Book return of 35x, top PONS profit address still holds $4 million in tokens

Odaily News: Robinhood's on-chain token issuance platform PONS saw its market cap briefly surpass $500 million this morning, hitting an all-time high. The top profit-making address for PONS tokens accumulated a position for a total of $113,700 over 49 days ago, after the token's market cap reached $10 million; after the market cap hit $100 million, it reduced its position by $117,100 to recoup the principal. The address still holds tokens worth $4 million, with a book return of 35x.