Recently, PONS has risen to prominence and shown remarkably strong performance. This is closely tied to market maker Wintermute’s ongoing, staggered buying. What exactly is going on?
As a memecoin, PONS has seen a stunning price surge recently, with market interest continuing to climb. On-chain data clearly shows that Wintermute has played a key role in PONS’s price action—they have been accumulating in batches, and the buying has not stopped to this day.
This kind of continuous accumulation by a market maker is actually uncommon in memecoins. Usually, after most projects go live and the market maker completes its initial positioning, it stops buying. But Wintermute seems to have exceptional confidence in PONS, continuously adding at lower levels, which has reassured the market.
So the question is: how many more rounds of buying does Wintermute still have left to complete? How far can this PONS rally go? At present, as long as the market maker keeps buying, the rally still has upward momentum, and the accumulation pace will remain worth watching.
$PONS
#memecoin #cryptocurrency
As a memecoin, PONS has seen a stunning price surge recently, with market interest continuing to climb. On-chain data clearly shows that Wintermute has played a key role in PONS’s price action—they have been accumulating in batches, and the buying has not stopped to this day.
This kind of continuous accumulation by a market maker is actually uncommon in memecoins. Usually, after most projects go live and the market maker completes its initial positioning, it stops buying. But Wintermute seems to have exceptional confidence in PONS, continuously adding at lower levels, which has reassured the market.
So the question is: how many more rounds of buying does Wintermute still have left to complete? How far can this PONS rally go? At present, as long as the market maker keeps buying, the rally still has upward momentum, and the accumulation pace will remain worth watching.
$PONS
#memecoin #cryptocurrency