Analysts at Lookonchain highlighted a trader who missed out on over $2 million in potential profit on the $PONS token.
According to their data, the user spent 0.25 $ETH, or about $610, to purchase 19.98 million $PONS. Later, they sold the entire amount for 0.47 $ETH, receiving $1,166 and securing a profit of $556.
After that, the value of the 19.98 million $PONS increased to approximately $2.2 million. Thus, the trader potentially missed out on over $2 million in profit.
However, users noted that the potential token value does not necessarily mean the entire volume could be sold at the current market price.
An X user under the pseudonym Bub pointed out that $PONS had already increased by 91% at the time of sale, so the decision to lock in profits was quite understandable:
"Most people in his position would have done the same. Slow and steady is also a strategy, and almost no one is capable of holding an asset for that long."
Another user, AutoDiddakt, highlighted the asset's low liquidity. According to him, there was only about $2.1 million in the liquidity pool.
"If he had dumped everything at once, he would have been lucky to get even a six-figure sum," he stated.
Thus, despite the nominal asset valuation of $2.2 million, the actual profit from selling the entire volume could have been significantly lower due to the impact of a large transaction on the token's price.
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