Arkham Identifies Wintermute as Holder of $2.4 Million in PONS

On-chain analytics platform Arkham has identified that market maker Wintermute holds 3.43 million PONS tokens, valued at approximately $2.4 million. Arkham suggests Wintermute is utilizing a time-weighted strategy to accumulate the token, potentially for market-making purposes on-chain. PONS is the native token of the Pons meme coin launchpad on Robinhood Chain. This holding represents 0.48% of the circulating supply. Uniswap Labs has also previously acquired PONS tokens to align with the project's long-term goals.