The $308K loss is the obvious part of this trade. The more interesting part is what happened after. He sold 7.99M $PONS for $135K. That same position would now be worth $3.46M. This is a good example of why “cutting the loss” is not automatically the right decision either. In thin-liquidity tokens, selling can remove downside risk, but it also creates a very real opportunity-cost risk if the thesis was only temporarily wrong. How do you distinguish a broken thesis from a temporary drawdown before the market makes the decision for you?
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