According to Arkham, Loracle holds a $16.3 million short position in PONS on Hyperliquid, accounting for 17.5% of PONS’s total open interest. The position was established around $0.44 nine days ago and was further added to as PONS rose to its all-time high of $0.97, during which it incurred a peak unrealized loss of over $8 million. The short position is now showing an unrealized profit of $2.18 million.
Loracle's PONS short position becomes profitable after 9 days
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Summary
Loracle’s PONS short position, part of a broader position trading strategy, is now profitable after nine days. The $16.3 million short on Hyperliquid, representing 17.5% of open interest, was initially opened near $0.44 and added to as PONS rose to $0.97. The position incurred an $8 million loss at its peak but now shows a $2.18 million floating profit. Position sizing played a key role in managing risk during the volatile move.
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