Loracle's short position on PONS becomes profitable with a $2.18M gain

KuCoinFlash

Release Time: 2026/09/10 09:34:40

PONS

$0.5591-29.34%

Summary

Loracle’s short position on PONS has generated a $2.18M gain as of September 10, 2026, according to on-chain data. The $16.3M position represents 17.5% of PONS’s open interest. Loracle initiated the trade at $0.44 and added to it as the price reached $0.97, resulting in a peak loss exceeding $8M. On-chain analysis shows the position became profitable after PONS’s price declined.

BlockBeats report, September 10: According to Arkham monitoring, Loracle is currently shorting PONS on Hyperliquid, with a position value of approximately $16.3 million, accounting for 17.5% of the token's total open interest.

Loracle opened a position at $0.44 nine days ago and added to it as the price of PONS rose steadily, peaking at $0.97. At the time, this short position was一度 underwater by over $8 million.

As the PONS price has retraced, Loracle has now turned profitable, with unrealized profits from short positions totaling approximately $2.18 million.

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