Wintermute Acquires 3.43 Million PONS Worth 2.4 Million Dollars

Arkham attributed a 3.43 million PONS position, valued at about 2.4 million dollars, to Wintermute, marking a significant new holder in the Robinhood Chain launchpad token. On September 5, Arkham reported that Wintermute appeared to be gradually purchasing PONS using a time-weighted strategy, ultimately holding just over 3 million dollars of the token. The Wintermute entity was listed with 3.43 million PONS on Arkham's token dashboard. Arkham raised the question of whether Wintermute was preparing to start market-making for PONS onchain, but did not confirm any arrangement. The 3.43 million-token position represents approximately 0.48% of PONS' circulating supply of 712.1 million and 0.34% of the original supply of 1 billion, according to CoinGecko. Arkham's holder table also noted that 6.46 million PONS are in a Uniswap V3 pool and 5.58 million in Uniswap's PoolManager contract, both exceeding Wintermute's balance. PONS is associated with Pons, a memecoin launchpad that directs graduated tokens into Uniswap pools on the Robinhood Chain. Uniswap Labs has also acquired PONS for what they described as "long-term alignment," though details regarding the size of that purchase, the price, or the holding wallet were not disclosed.

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