Arkham said on Sept. 9 that trader David, who uses the handle @heylittlechef, accumulated $2,600 worth of PONS on the token’s first trading day when its market capitalization was about $1.607 million. Roughly two months later, PONS had risen about 500x from that level.
According to the on-chain tracking data cited by BlockBeats, David has already realized $77,400 in gains through sales and still holds PONS valued at about $1.08 million. Based on those figures, the position’s total profit has exceeded $1.15 million.
The update focuses on the size of the return from an early entry and the trader’s remaining exposure, with Arkham identified as the source of the wallet tracking data.
BlockBeats reported on Sept. 9, citing Arkham, that trader David (@heylittlechef) accumulated $2,600 worth of PONS on the token’s first day of trading, when its market capitalization stood at about $1.607 million.
About two months later, PONS had climbed roughly 500x. Arkham’s tracking data shows that David has already cashed out $77,400 and still holds PONS worth about $1.08 million, putting total profit at more than $1.15 million.
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