Cryptocurrency market dynamics: Whale selling PONS, ZEC huge floating profits, and HYPE token destruction
Although large-scale cryptocurrency transactions (i.e."whale" behavior) continue to attract market attention, significant market trends have emerged recently in three projects: PONS, ZEC and HYPE. A large sell-off from one whale account put downward pressure on the price of PONS; another whale account established a long ZEC position a month ago, and its unrealized profit has reached nearly $10 million. Meanwhile, the Hyperliquid platform destroyed $2.42 million worth of HYPE tokens in the past 24 hours.
PONS: A large sell-off led to a drop in prices.
Chain data shows that after a whale account withdrew from Binance, it sold 2.25 million PONS tokens in exchange for USDG and Ethereum worth approximately US$1.29 million. Affected by this large-scale sell-off, the price of PONS fell by 12% that day.
ZEC: Accurate long gains achieved nearly 10 million US dollars in floating profits
In terms of ZEC, one investor performed particularly well. The investor opened a position about a month ago at an average price of US$517.68, holding 9,810 long positions in ZEC. As the ZEC price rose to $1,534.70, the investor's unrealized profit has reached $9.98 million.
It is worth noting that the same investor also holds 3,550 short positions in Ethereum (ETH), which currently results in unrealized losses of approximately US$2.6 million.
HYPE: Continuous destruction mechanism reduces supply
Hyperliquid 平台继续通过代币销毁操作来减少其流通供应量。在过去 24 小时内,该平台以平均价格 91.86 美元销毁了 26,310 个 HYPE 代币,总销毁价值约为 242 万美元。
截至目前,Hyperliquid 已累计销毁 4,876 万个 HYPE 代币,当前市值约为 45 亿美元。这一数量占 HYPE 最大供应量的 4.88%。数据显示,该平台过去 30 天的收入达到 6,434 万美元,而历史总收入已达 12.6 亿美元。
*本文内容不构成投资建议。

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