Pond Coin (PNDC) is making headlines today, experiencing an impressive 24% surge in its value. The catalyst for this sudden uptick appears to be a shift in investment from PEPE coin holders to PNDC.
What you'll learn 👉
High-Value Transactions: A Case Study
For example, a trader with the wallet address 0x69 recently executed multiple transactions, converting over $250,000 into PNDC. This is not an isolated case.
On-Chain Analysis: The Numbers Don’t Lie
Prominent on-chain analysts, @lookonchain, have reported a significant trend. Three specific wallets have transitioned their holdings from PEPE to PNDC today. These wallets sold a staggering 1.38 trillion PEPE coins, equivalent to 600 ETH ($965,000). They then reinvested the same amount of ETH to purchase 487 billion PNDC coins.
Wallet Addresses for Reference:
- 0xbe2bf6bf8ef02990dcd93e1f304173934de68142
- 0xfd0fbb1e323fe706a9b0e7d2293b5782d3b370d9
- 0x69beca7765616e037b004c6c27605ff988a754a3
What is Pond Coin (PNDC)?
For those unfamiliar with the crypto, Pond Coin is the native token of the Marlin Protocol. Marlin aims to revolutionize blockchain technology by enhancing communication between nodes and scaling peer-to-peer networks. The PNDC token operates on the Ethereum blockchain and serves as the fuel for Marlin’s network. It allows users to delegate to Marlin nodes and offers incentives for maintaining the network efficiently.
Tokenomics: A Quick Overview
PNDC has a circulating supply of 5 billion coins and a total supply of 5.03 billion. Its utility in the Marlin ecosystem makes it a token to watch, especially as it gains traction among PEPE coin holders.
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