On-chain tracker Onchain Lens said whale wallet Loracle has moved back into profit on its short position in 27.75 million PONS after previously sitting on an unrealized loss of more than $11 million. The position is now showing an unrealized gain of $86,800.
Other holdings tracked under Loracle’s XYZ position remain underwater. According to the same data, SNDK is showing a loss of $4.28 million, while MU is down $1.59 million. The total unrealized loss on the XYZ holdings stands at $3.8 million.
The update highlights a sharp swing in the PONS short, which had earlier absorbed losses exceeding eight figures before turning positive again.
According to Onchain Lens, whale wallet Loracle has returned to profit on its short position in 27.75 million PONS after previously posting an unrealized loss of more than $11 million. The position is now showing an unrealized gain of $86,800.
Loracle’s XYZ holdings remain in the red. Within that position, SNDK is down $4.28 million and MU is down $1.59 million, bringing the total unrealized loss to $3.8 million.
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