Wintermute Buys $3M in PONS, Eyes On-Chain Market Making Role
Wintermute has purchased over $3 million worth of PONS, and may soon act as a market maker for it on-chain.
The news comes after Wintermute's CEO, Evgeny Shvets, expressed interest in the token during an interview earlier this year. While details are scarce, this move marks another notable instance of institutional investment in the cryptocurrency ecosystem.