Anonymous trader's $2.2K PONS bet grows to $1M, Arkham says

An anonymous crypto trader known as 0xnobi bought $2,200 worth of PONS on the token’s launch day in July and has held the position ever since, leaving the trader with about $1 million in unrealized profit, according to blockchain analytics firm Arkham. That amounts to a roughly 468-fold return. Arkham added, "The trader bought PONS on the token’s launch day in July and has not sold a single token to date. The trader’s PONS turned $2,200 into $1 million." PONS, a token launchpad in the Arbitrum-based layer-two Robinhood Chain ecosystem, was recently trading at $0.3417, up 20.75%, according to CoinMarketCap.