Arkham said Wintermute appeared to be buying PONS gradually; its dashboard separately listed 3.43 million tokens worth $2.4 million.
Arkham attributed a 3.43 million PONS position worth about $2.4 million to Wintermute, establishing a sizable new holder in the Robinhood Chain launchpad token. The data firm did not say Wintermute had a market-making mandate for PONS.
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Arkham said on Sept. 5 that Wintermute appeared to be buying PONS gradually through a time-weighted strategy and then held just over $3 million of the token. Its token dashboard separately listed the Wintermute entity with 3.43 million PONS valued at $2.4 million.
Arkham asked whether Wintermute was preparing to begin market-making PONS onchain, presenting the possibility as a question rather than a confirmed arrangement. For PONS holders, the verified change is the attributed balance; the purpose of that balance is not established by the cited records.
Position Equals 0.48% of Circulating Supply
The 3.43 million-token position represents about 0.48% of PONS‘ 712.1 million circulating supply and 0.34% of the original 1 billion supply, based on CoinGecko’s supply figures.
Arkham‘s holder table also provides an onchain scale comparison. It listed 6.46 million PONS in a Uniswap V3 pool and 5.58 million in Uniswap’s PoolManager contract, each exceeding the balance attributed to Wintermute.
PONS belongs to Pons, the memecoin launchpad that routes graduated tokens into Uniswap pools on Robinhood Chain. As The Defiant reported, Uniswap Labs also purchased PONS for what the project called “long-term alignment.” Neither side disclosed the size of that purchase, the price paid or the wallet holding it.