Cumberland has accumulated 11.2 million PONS tokens valued at $6.76 million, adding 2.7 million tokens worth $1.55 million in recent days, according to on-chain analysis from Lookonchain.

The market maker withdrew 8.5 million PONS tokens valued at $6.55 million from Gate.io between Sept. 4 and Sept. 10, marking four consecutive days of buys through Sept. 8. The consistent exchange outflows suggest a deliberate accumulation strategy.

Despite Cumberland's sustained buying pressure, PONS registers zero spot trading volume on-chain. The thin liquidity profile contrasts sharply with the institutional buying activity.