Chincoteague Ponies are a small breed of wild horses found on Chincoteague Island and Assateague Island in Virginia and Maryland. They are known for their unique appearance, often featuring a variety of colors and patterns. These ponies are descendants of horses brought to the islands by early settlers and have adapted to their environment over time. Every year, the Chincoteague Volunteer Fire Company holds a famous pony swim and auction to manage the pony population. The event attracts thousands of visitors and helps raise funds for local charities. The ponies are celebrated for their hardiness and gentle nature, making them popular among horse enthusiasts.