Lorale's PONS short position becomes profitable after 9 days

KuCoinFlash

Release Time: 2026/09/10 09:34:37

PONS

$0.5914-13.42%

Summary

Lorale's short position on PONS at Hyperliquid became profitable after nine days. The trade was initiated at $0.44 and had accumulated over $8 million in losses as PONS rose to $0.97. The position now holds $16.3 million in short exposure, representing 17.5% of PONS open interest, with a $2.18 million unrealized profit. On-chain data indicates the position remains active amid evolving market sentiment.

Odaily Planet Daily reports, according to Arkham monitoring, the short position on PONS established by trader Lorale has turned profitable. Lorale currently holds a PONS short position worth $16.3 million on Hyperliquid, accounting for 17.5% of PONS’s total open interest globally.

This position was initially opened 9 days ago at an average price of $0.44 and was added to during PONS's surge to its all-time high of $0.97, during which the unrealized loss peaked at over $8 million. Currently, this short position has an unrealized profit of approximately $2.18 million.

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