Persistent Trader Spends $1.22M on $MEME Despite $708K Loss, Becomes Largest Holder

According to OnchainLens monitoring, Amber Group received 4.669 million ENA tokens from Ethena, valued at approximately $1.14 million.

Ondo Finance has announced the launch of Ondo Private Markets, which enables investors to gain on-chain economic exposure to top private companies through tokenized notes. Its first offering will target a pre-IPO artificial intelligence firm, with trading set to open on secondary markets this week. The platform later plans to expand to private enterprises in sectors including robotics, cybersecurity, biotech, and infrastructure. Ondo clarifies that these tokens do not correspond to company stock or equity; instead, tokenized notes grant holders exposure to the performance of the company’s common stock during eligible liquidity events such as IPOs or mergers and acquisitions. The tokens are freely transferable on-chain and can be integrated with the DeFi ecosystem. Built on Ondo’s existing on-chain asset infrastructure, its combined tokenized stock and U.S. Treasury platform holds roughly $3.7 billion in total value locked (TVL) and has over 1 million cumulative holders. Ondo Finance notes that most large U.S. companies remain private—approximately 87% of firms with annual revenue exceeding $100 million are unlisted, making early growth opportunities difficult for traditional investors to access. Ondo Private Markets aims to provide a more flexible trading channel via blockchain secondary markets, allowing eligible investors to adjust their private market exposure around the clock.

According to a report by Financial Daily, Polymarket has filed a lawsuit with the Hague Court, seeking to overturn the Dutch ban on it and restore its market access. The Dutch Kansspelautoriteit (Ksa) classified Polymarket as an unlicensed gambling platform rather than a prediction market in February this year, ordering it to cease services to Dutch users. Since Polymarket suspended services past the deadline, Ksa has imposed a fine of 420,000 euros. Polymarket intends to argue in court that its event contracts are more similar to financial products such as futures, and should be regulated by the Authority for the Financial Markets (AFM) instead of Ksa.

According to Lookonchain’s monitoring, a trader has been steadily buying MEME tokens over the past month, spending roughly $1.22 million to purchase 30.65 million MEME, making them the largest holder of the MEME token. The trader’s unrealized loss on their MEME holdings now stands at approximately $708,000, representing a loss of around 58%. Despite the steep unrealized loss, the trader has not halted their buying activity—they continued to add to their MEME holdings as recently as 10 hours ago.

PONS official announced in a statement that its token burn remains ongoing, with 32% of PONS’ total supply already burned to date. Meanwhile, PONS stated that 80% of its revenue will be used to accumulate PONS.

According to Lookonchain’s monitoring, a high-win-rate SOL trader with the wallet address 0x13da has once again opened a long position on SOL. The trader previously achieved a 78% win rate in SOL trades, generating cumulative profits of approximately $4.74 million. Currently, the trader holds a 5x leveraged long position of 164,642 SOL, valued at around $19.78 million, with a liquidation price of $99.68.