The analytical platform Arkham attributed to trader and market maker Wintermute a position of 3.43 million PONS tokens valued at approximately $2.4 million, thus establishing a significant holder of the token on the Robinhood Chain blockchain. According to data from Arkham published on September 5, Wintermute gradually purchased PONS using a time-weighted strategy, accumulating a position of just over $3 million. On the token's dashboard, the platform recorded a balance of 3.43 million PONS, estimated at $2.4 million at the time of analysis. Arkham questioned whether Wintermute is preparing to start market making for PONS on the blockchain, but framed it as a hypothesis rather than a confirmed agreement. The company did not confirm the existence of a market-making mandate; however, the mere fact of significant accumulation of the token indicates serious interest from the trader in the project.
Wintermute's position represents 0.48% of the circulating supply of PONS at 712.1 million tokens and 0.34% of the initial maximum of 1 billion tokens according to CoinGecko data. For comparison, Arkham's holder table shows that 6.46 million PONS are frozen in the Uniswap V3 pool, while 5.58 million are in the Uniswap PoolManager contract, both volumes exceeding the position attributed to Wintermute. PONS is the token of the Pons launchpad, a project that routes completed tokens into liquidity pools on the Robinhood Chain. As reported by The Defiant, Uniswap Labs also acquired PONS with the aim, as the project termed it, of 'long-term alignment of interests.' Both parties did not disclose the size of the purchase, the price, or the wallet address where the token is stored.
The discovery of Wintermute's position raises questions about the potential role of a large market maker in the development of PONS liquidity in the coming months.