Blockchain tracker Lookonchain said loracle.hl (@loraclexyz, 0xefe4...194b) kept increasing a short position in PONS after taking a $70 million loss on HYPE. The address now holds a short position of 17.79 million PONS, valued at $16.31 million. The position is currently showing an unrealized loss of $6.57 million. The update points to continued aggressive positioning by the wallet despite a large loss already recorded on HYPE, based on the figures cited by Lookonchain. No additional details on timing, entry price, or strategy were disclosed in the source note.
According to Lookonchain, loracle.hl (@loraclexyz, 0xefe4...194b) continued adding to a PONS short after losing $70 million on HYPE.
The address currently holds a short position of 17.79 million PONS, worth $16.31 million, with an unrealized loss of $6.57 million.
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