A wallet reported as linked to crypto market maker Cumberland accumulated PONS through daily Gate withdrawals and an additional 2.7 million-token purchase, bringing its reported holdings to 11.2 million PONS valued at about $6.76 million. The wallet withdrew approximately 8.5 million PONS worth $6.55 million from Gate over a week, while Wintermute also made large purchases and Arkham suggested it may be providing market making for the token. Pons is a token launchpad on Robinhood Chain that charges roughly $1 to mint tradable tokens, while PONS uses WETH protocol fees to repurchase and burn supply. The token traded near $0.58 after rising 1,384% over 30 days, despite falling 7.5% on the day and about 35% from its $0.971 record.