According to Lookonchain monitoring, during the price surge of PONS on Robinhood, Loracle established a 3x leveraged short position. Specifically, it shorted 17.26 million PONS, with a position value of approximately $11.6 million, currently carrying an unrealized loss of about $2.38 million; simultaneously, it shorted 22.5 million CASHCAT, with a position value of approximately $6.18 million, currently carrying an unrealized loss of about $970,000. The combined unrealized loss from both short positions is approximately $3.35 million.
Loracle's short positions on PONS and CASHCAT incur a $3.35M floating loss
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Summary
On-chain data shows that Loracle’s short positions on PONS and CASHCAT have incurred a combined floating loss of $3.35 million. During PONS’s price surge on Robinhood, Loracle opened 3x leveraged short positions, including 17.26 million PONS worth $11.6 million, now down $2.38 million. It also shorted 22.5 million CASHCAT, valued at $6.18 million, resulting in a $0.97 million loss. On-chain analysis indicates these positions are underperforming amid the recent bullish market trend.
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