Cumberland-Linked Wallet Withdraws 17.64M PONS from Gate.io, Deposits 1.5M

A wallet displaying as associated with Cumberland recently withdrew 17.64 million PONS from Gate.io over the past two weeks, according to on-chain data. PANews reported on June 16 that Lookonchain observed the wallet withdrawing an average of $0.67 per PONS during this period. Of the withdrawn amount, 1.5 million PONS were redeposited into Gate.io within the last five hours, valued at roughly $877,000 (approximately 119 billion KRW).