Loracle's PONS short position turns profitable with over $744,000 in floating gains.

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PONS
$0.6565-15.71%
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Whale Loracle's PONS short position has turned profitable, with a floating gain of $744,700 and a 12.62% return. The position consists of 27.5033 million tokens at 3x leverage, valued at $17.7094 million. With the Fear & Greed Index indicating bearish pressure, altcoins such as PONS are underperforming. Loracle opened the position at $0.665005, while the current marked price is $0.63026.

Odaily Planet Daily reports, according to Hyperbot data, the PONS short position held by whale Loracle has now turned profitable, with an unrealized profit of approximately $744,700 and a return rate of 12.62%.

Loracle is currently shorting approximately 27,503,300 PONS with 3x leverage, with a position value of approximately $17,709,400, an average entry price of $0.665005, and a current mark price of approximately $0.63026.

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