Investment
Features
FeesSafety
Academy
More
Pluang+

Wallet sells 5.34M PONS tokens for $3.6M, incurring $578K loss amid volatile token trading.

Market News
24 Sep 2026
Tokenpost
View Source
Bearish
Wallet sells 5.34M PONS tokens for $3.6M, incurring $578K loss amid volatile token trading.

A cryptocurrency wallet sold 5.34 million PONS tokens for 1,315 Ether, worth about $3.6 million, resulting in a realized loss of $578,000. The wallet still holds significant amounts of CASHCAT and 4STOCK tokens, both showing declines in value. PONS operates on the Robinhood Chain as a non-custodial platform where users trade directly from their wallets, exposing them to volatile and illiquid token prices. Despite the loss, a leveraged short position on PONS was profitable, highlighting the risks and opportunities in this trading model. The platform also recorded substantial fee income over recent days, indicating active trading despite price fluctuations.

PONS Wallet token sales provide context for cryptocurrency market trends. For readers following crypto markets, here is Pluang's snapshot as of Sep 24, 2026 22:22 WIB: 34 of 50 major cryptocurrencies rose, 15 fell. Notable movers include ONE at Rp45 with a -18.17% change, ETC at Rp180.008 up 14.55%, and BAL at Rp16.297 up 11.14%.

More News

VICI Properties sees mixed analyst price targets amid refinancing concerns but strong fundamentals support potential upside.

VICI Properties sees mixed analyst price targets amid refinancing concerns but strong fundamentals support potential upside.

Analysts have mixed views on VICI Properties, a REIT focused on gaming and hospitality properties, with some lowering price targets due to refinancing costs and rent growth limits. Despite these concerns, the company maintains strong fundamentals inc...

Analyst Insights
Neutral
2 hours ago
Roth Capital raises Okta price target to $235 on AI identity strategy boost

Roth Capital raises Okta price target to $235 on AI identity strategy boost

Roth Capital upgraded Okta's price target from $155 to $235 and maintained a Buy rating following the company's new AI agent identity strategy unveiled at its Investor Summit. Okta aims to expand beyond traditional identity management by securing AI ...

Analyst Insights
Bullish
2 hours ago
Vecima Networks beats revenue and EPS estimates, declares quarterly dividend amid broadband tech growth.

Vecima Networks beats revenue and EPS estimates, declares quarterly dividend amid broadband tech growth.

Vecima Networks reported strong quarterly results with revenue of $64.04 million, surpassing the $55.69 million estimate, and earnings per share of $0.15, beating the $0.14 forecast. The company, a broadband technology provider for cable and fiber op...

Company Fundamentals
Bullish
3 hours ago
BofA raises Okta price target to $220 on new AI security features unveiled at Oktane 2026.

BofA raises Okta price target to $220 on new AI security features unveiled at Oktane 2026.

Bank of America raised its price target for Okta Inc to $220 from $200 following the company's announcement of new AI-agent security and identity features at the Oktane 2026 conference. These enhancements include Agent SSO, runtime enforcement, and s...

Analyst Insights
Bullish
4 hours ago
Jefferies sees Uber's expanding Mobility products driving 25%+ EBITDA growth through 2028 with margin gains.

Jefferies sees Uber's expanding Mobility products driving 25%+ EBITDA growth through 2028 with margin gains.

Jefferies reaffirmed its $110 price target on Uber Technologies, highlighting the company's expanding Mobility product suite as a key driver for faster bookings growth and margin expansion. The broker expects Uber's adjusted EBITDA to grow over 25% t...

Analyst Insights
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App