Two joint-largest PONS holders are each showing unrealized gains of more than $7 million after the token’s fully diluted valuation briefly topped $700 million, on-chain analyst EmberCN said. The wallet linked to cryptogle spent 5,000 USDC when PONS had a $470,000 fully diluted valuation and now holds about $7.6 million worth of the token, for an unrealized gain of $7.59 million, or roughly 1,500 times the outlay. Cryptocurrency influencer Unipcs invested 67,000 USDC and likewise holds a position valued at about $7.6 million, reflecting an unrealized gain of $7.53 million, or about 112 times the investment. Earlier on-chain tracking identified the wallets as 0x1bcc...1143 and 0x0a6e...0119, with Unipcs’ entry previously placed when the token’s market capitalization was about $6.16 million and both positions near 10.96 million tokens. PONS was recently trading at $0.6721, up 35.69%, according to CoinMarketCap. The figures reflect current holdings and valuations and do not confirm that either wallet has realized the gains through sales.