Loracle's short position in PONS shifted from an unrealized loss of over $8 million to a profit of $2.18 million.
According to disclosures from Arkham, Loracle holds a $16.3 million short position in PONS on Hyperliquid, accounting for 17.5% of PONS' total open interest. The position was established around $0.44 nine days ago and saw continued additions as PONS rallied to its all-time high of $0.97, at which point it incurred an unrealized loss exceeding $8 million. Currently, the short position has turned into an unrealized profit of $2.18 million.
