Trader David Bought PONS on Launch Day and Later Realized Gains After a Sharp Rally

BlockBeats reported on September 9 that Arkham monitoring showed trader David (@heylittlechef) accumulated $2,600 worth of PONS on its first day of trading, when its market capitalization was $1.607 million. According to BlockBeats On-chain Detection, PONS rose about 500 times roughly two months later. He has since cashed out $77,400 and still holds $1.08 million worth of PONS.