An Arkham-monitored wallet identified as @heylittlechef turned a $2,600 launch-day investment in PONS into more than $1.2 million in paper profits by September. The trader bought across four transactions when PONS had a market capitalization of about $160,700, realized $77,400 and retained a position worth around $1.08 million. PONS traded at $0.78 with a market capitalization near $552 million and reached a $0.97 record on September 5. The token’s launchpad generated $90.93 million in fees and $16.83 million in protocol revenue over 30 days, while lifetime fees exceeded $118 million and decentralized-exchange volume surpassed $1.5 billion, according to DeFiLlama. Wintermute also held about $3 million in PONS, and founder Ozzy said more than $208 million of the token had been destroyed through burns.