TradingBeats, formerly known as Hyperinsight, said on Sept. 3 that whale trader Loracle currently holds 3x leveraged short positions in both CASHCAT and PONS, making it the largest on-chain short holder for the two tokens. The reported position sizes stand at $6.25 million for CASHCAT and $4.08 million for PONS. Both trades are now sitting at an unrealized loss, based on TradingBeats’ tracking. Even so, the collateral backing the positions remains sufficient, leaving what the monitoring platform described as a relatively large safety buffer before liquidation. TradingBeats estimated the liquidation price for the CASHCAT short at $0.71, while the PONS short would face liquidation at $1.64. The update was cited by BlockBeats in a Sept. 3 market brief focused on whale activity.
Whale trader Loracle currently holds 3x leveraged short positions in CASHCAT and PONS, according to TradingBeats, formerly Hyperinsight, in data cited by BlockBeats on Sept. 3.
TradingBeats said Loracle is the largest on-chain short holder in both tokens. The CASHCAT short is valued at $6.25 million, while the PONS short stands at $4.08 million.
Both positions are now at an unrealized loss. Even so, the collateral remains sufficient, leaving a relatively wide cushion before liquidation. TradingBeats estimated the liquidation price at $0.71 for CASHCAT and $1.64 for PONS.
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