On-chain analyst Ai Yi posted that the "whale hunt" around PONS on Hyperliquid has once again drawn attention. Trader Loracle has held a 3x short position on PONS since September 3, currently holding approximately 25.04 million PONS, valued at around $19.41 million, with an entry price of $0.6553, accounting for 19% of all open interest for PONS on Hyperliquid. The position is currently showing an unrealized loss of nearly $3 million, and Loracle continues to add to the position. According to reports, overseas analyst MLM publicly stated yesterday that anyone interested in heavily targeting this short position with capital exceeding seven figures should send a private message, and later confirmed that eight-figure capital commitments have already been made. Loracle’s liquidation price is currently around $1.83, meaning that without additional margin, PONS would need to rise approximately 128% to trigger liquidation.
Hyperliquid's PONS "Whale Hunt" Gains Momentum as Loracle's Short Position Comes Under Pressure
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Summary
Whale activity on Hyperliquid has intensified as a coordinated effort targets Loracle's 3x short position in PONS. Loracle holds a 3x short of 25.04 million PONS ($19.41 million), opened at $0.6553, with an unrealized loss of $3 million. Analyst MLM has mobilized whale participation, securing eight-figure commitments to drive the price toward liquidation. Loracle’s position would be fully liquidated at $1.83, requiring a 128% price increase.
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