On September 3, TradingBeats said trader Loracle is sitting on 3x leveraged short positions in CASHCAT and PONS, with the combined short value sitting near $10.621 million. Right now, the floating loss is about $1.336 million.
PONS is doing most of the damage after jumping roughly 50.6% from the day before. For the CASHCAT short, Loracle holds 22.4999 million tokens worth around $5.723 million, with an average entry of $0.231 and a current price of $0.254. That leaves a floating loss of about $515,000 and a return rate of -29.6%. As for the PONS short, the position stands at 9.1261 million tokens, worth about $4.898 million, with an entry price of $0.446 and a current price of $0.536. That puts the floating loss near $821,000, with a return rate of -60.5%.
Loracle started building out both short positions from 20:00 on September 1. During that stretch, total short trade volume came to about $8.024 million. The most recent added PONS short was placed at 18:16 today. There are also four pending sell orders between $0.55276 and $0.5603, with plans to stack on another $300,000 in shorts.
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