A major whale dumps $3.67 million worth of PONS, triggering a 4% price drop.

TechFlow reports that on September 23, according to monitoring by on-chain analyst Aunt Ai (@ai_9684xtpa), a whale who had previously taken a heavy 4.5 million USD position in the Robinhood meme and DeFi leader sold 5.338 million PONS from 16:21 to 15:17 at an average price of $0.6779, worth approximately $3.67 million, driving the token price down from $0.6968 to $0.6688, a decline of about 4%. PONS was originally the largest on-chain asset for this address, with an average entry price of around $0.7154, resulting in a loss of approximately $200,000 from this sale.