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$PONS has been getting hit since the perpetuals launch, and the sentiment shift is interesting.
When price was going up, everyone was waiting for a pullback.
Now that the pullback actually happened, the narrative suddenly becomes “垃圾币.”
Crypto sentiment really can change in a few candles.
I’m watching PONS because the PUMP comparison is interesting, but I’m not assuming history will repeat.
The question for me is simple:
Can PONS build real demand again when the attention disappears?
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