Arkham Links Wintermute to $2.4 Million PONS Position

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.

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.