Huo Xing Finance reports that, on September 4, according to Onchain Lens monitoring, CUMBUCKET.ETH initially spent 3.17 ETH (approximately $5,650) to purchase 4.73 million PONS, and has since sold 3.73 million of them, realizing a total cashout of approximately $1.74 million. The address currently holds 1 million PONS, valued at around $666,000. Calculating the realized and unrealized profits based on the cashed-out amount and remaining holdings, the total profit from this transaction is approximately $2.4 million, compared to an initial cost of only about $5,650.
Whale buys PONS for $5,650, realizes over 400x return
MarsBitShare
Summary
A whale address, CUMBUCKET.ETH, purchased 4.73 million PONS for 3.17 ETH (approximately $5,650). The address sold 3.73 million tokens, earning over $1.74 million. It still holds 1 million PONS, valued at $666,000. Total profits from the trade amount to approximately $2.4 million. This ETH transaction demonstrates a substantial return on a relatively small ETH investment.
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