# Hyperliquid whale — X 热门讨论 (2026-09-15 21:32 UTC)
## @Eveningtraders (Evening Trader Group) · 09-15 02:07 · ♥25 ↻2 💬1 WHALE IS AGGRESSIVELY ACCUMULATING $PONS
Cumberland DRW has been steadily withdrawing $PONS from Gate and now holds around:
17.641M $PONS (~$11.1M)
Address: 0x091D1C972cb1648537a2Ba78eaBa371b1cE18336
What makes this interesting is that $PONS is starting to look less like a random launchpad token and more like a real-revenue business with a strong reflexive token model.
Pons is currently one of the main launchpads driving activity on Robinhood Chain.
In the last 30 days, it generated roughly $20M in protocol revenue and around $1.7B–$1.8B in DEX volume.
Roughly 80% of protocol revenue is directed toward $PONS buybacks and burns.
For perspective, Hyperliquid generated around $60M in 30D revenue over the same period.
That puts Pons at roughly one-third of Hyperliquid’s revenue, while $PONS is valued at only around $400M–$450M, versus roughly $20B for $HYPE.
The launchpad narrative is also expanding fast.
Pons has become a major driver of Robinhood Chain activity, with the chain recently hitting record fee levels as Pons launch and trading activity accelerated.
Definitely one worth tracking closely. https://x.com/Eveningtraders/status/2099681572551279039