A Whale Spent $5,650 to Buy PONS, With Returns of Over 400x

BlockBeats News, September 4th, according to Onchain Lens data, CUMBUCKET.ETH initially spent 3.17 ETH (about $5,650) to buy 4.73 million PONS. Subsequently, they have sold 3.73 million PONS and realized approximately $1.74 million.

The address still holds 1 million PONS, valued at around $66.6k. Calculating based on the realized gains and the remaining position value, the total realized and unrealized profit of this transaction is approximately $2.4 million, while the initial cost was only about $5,650.