Hyperliquid Reprises "Whale Hunt," Loracle's PONS Short Position Publicly Targeted

On-chain analyst AI Yi posted that the "whale hunt" around PONS on Hyperliquid has once again drawn attention. Trader Loracle initiated a 3x short position on PONS on September 3, currently holding approximately 25.04 million PONS tokens valued at around $19.41 million at an entry price of $0.6553, representing 19% of Hyperliquid's total PONS open interest, with unrealized losses nearing $3 million, and continues to add to the position. It is reported that overseas analyst MLM publicly stated yesterday that anyone interested in deploying capital exceeding seven figures to heavily short-squeeze this position can contact via direct message, and later confirmed that eight-figure capital has already pledged to participate. Loracle's current liquidation price stands at approximately $1.83, meaning that without additional margin, PONS would need to rise by another ~128% to trigger liquidation.