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Arkham attributes a $2.4 million PONS position to Wintermute

Arkham links the position to a time weighted accumulation approach, and says it represents about 0.5% of PONS circulating supply.

Reported · Written up by our desk · Market Structure

Arkham said its dashboard data attributes a PONS balance of about 3.43 million tokens, worth roughly $2.4 million, to Wintermute, making it a sizable new holder of the Robinhood Chain launchpad token.

According to The Defiant, Arkham did not conclude that Wintermute has a market making mandate for PONS. Instead, it said Wintermute appeared to be buying the token gradually through a time weighted strategy, and later holding just over $3 million of PONS.

The holder attribution matters for verified balance changes, but Arkham said the purpose of the balance is not established by the cited records. It also framed the possibility that Wintermute could be preparing to market make PONS as a question rather than a confirmed arrangement.

Arkham calculated that the 3.43 million token position is about 0.48% of PONS circulating supply of 712.1 million tokens, and about 0.34% of the original 1 billion supply, using CoinGecko supply figures. It also showed more PONS tokens in Uniswap-related venues, including 6.46 million in a Uniswap V3 pool and 5.58 million in Uniswap’s PoolManager contract, each above the attributed Wintermute balance.

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