Arkham Ties Wintermute to a $2.4 Million PONS Holding

Arkham has attributed a 3.43 million PONS position worth about $2.4 million to Wintermute, establishing the trading firm as a sizable new holder of PONS, the Robinhood Chain launchpad token.

The onchain data firm did not say Wintermute had a market-making mandate for PONS. On Sept. 5, Arkham said Wintermute appeared to be buying PONS gradually through a time-weighted strategy, and said the position then stood at just over $3 million. Its token dashboard separately listed the Wintermute entity with 3.43 million PONS valued at $2.4 million.

Arkham also asked whether Wintermute was preparing to begin market-making PONS onchain. It framed that as a question, not a confirmed arrangement. For PONS holders, the verifiable change in the cited records is the attributed balance itself; the purpose of that balance remains unestablished.

The Position Equals About 0.48% of Circulating Supply

Using CoinGecko supply figures, the 3.43 million-token holding represents about 0.48% of PONS’ 712.1 million circulating supply and 0.34% of the original 1 billion supply.

Arkham’s holder table also gives a sense of relative onchain size. It listed 6.46 million PONS in a Uniswap V3 pool and 5.58 million PONS in Uniswap’s PoolManager contract, with both balances larger than the amount attributed to Wintermute.

PONS belongs to Pons, a memecoin launchpad that routes graduated tokens into Uniswap pools on Robinhood Chain. As The Defiant previously reported, Uniswap Labs also purchased PONS for what the project described as "long-term alignment." Neither side disclosed the size of that purchase, the price paid, or the wallet holding it.