According to on-chain analyst Onchain Lens (@OnchainLens), the renowned on-chain trader Loracle has turned a previously maximum unrealized loss of over $11 million on their 27.75 million $PONS short position into an unrealized profit of approximately $86,800. However, their XYZ series positions remain in loss: • $SNDK: unrealized loss of $4.28 million • $MU: unrealized loss of $1.59 million • Total unrealized loss: approximately $3.8 million
Loracle's 27.75M $PONS short position turns profitable after an $11M loss
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Summary
On-chain analysis reveals that Loracle’s 27.75 million $PONS short position, which previously faced over $11 million in floating losses, now shows $86,800 in unrealized gains. On-chain data from Onchain Lens (@OnchainLens) indicates the position has turned profitable. Meanwhile, Loracle’s XYZ series remains in loss: $4.28 million in losses for $SNDK and $1.59 million for $MU, totaling $3.8 million in unrealized losses.
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