Loracle's PONS short position turns profitable; main short positions still carry a floating loss of $16.2M

icon MarsBit
Share
This is the logo of the coin.
PONS
$0.6507-18.88%
This is the logo of the coin.
HYPE
$83.81-2.31%
This is the logo of the coin.
SNDK
----
This is the logo of the coin.
NVDA
----
This is the logo of the coin.
MU
----
AI summary iconSummary
On-chain data from TradingBeats shows that Loracle’s PONS short position is now profitable, valued at $17.78 million with a $660,000 floating gain. The trade was opened at $0.67, and the current price is $0.64. On-chain analysis reveals that despite this gain, Loracle’s primary short positions remain in a net loss of $16.2 million. Key positions include a $36.99 million HYPE short with a $13.01 million loss, and a $27.71 million SNDK short with a $4.17 million loss. Other shorts include a $18.96 million NVDA position with a $220,000 gain, a $10.68 million MU position with a $1.57 million loss, and a $5.87 million CASHCAT position with a $1.66 million gain.

Huo Xing Cai Jing reports that on September 10, according to TradingBeats monitoring, PONS’s largest short position holder, “Loracle,” has turned profitable on its PONS short position, which is now valued at $17.78 million with a paper profit of $660,000. The position was opened at $0.67 and is currently trading at $0.64, after previously suffering a paper loss of over $7 million. Oracle’s total net paper loss across all major short positions is currently approximately $16.2 million, with the following key positions: - Short $36.99 million in HYPE, opened at $53.97, current price $83.25, paper loss of $13.01 million. - Short $27.71 million in SNDK, opened at $1,485.67, current price $1,748.50, paper loss of $4.17 million. - Short $18.96 million in NVDA, opened at $225.70, current price $223.10, paper profit of $220,000. - Short $10.68 million in MU, opened at $870.69, current price $1,020.20, paper loss of $1.57 million. - Short $5.87 million in CASHCAT, opened at $0.21, current price $0.16, paper profit of $1.66 million.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.