$PONS Position Linked to Wintermute, Sparking Market-Making Speculation

Financial data firm Arkham has attributed a significant $PONS position to Wintermute. The position, valued at approximately $2.4 million and comprised of 3.43 million tokens, represents about 0.48% of the circulating supply.

This disclosure comes as part of Arkham's token dashboard, which lists various entities' holdings in cryptocurrencies like $PONS.

Notably, Arkham did not state that Wintermute had a market-making mandate for $PONS, only suggesting the possibility of such an arrangement through their analysis.