TradingBeats said on Sept. 8 that Loracle, identified as the largest on-chain short seller in PONS, kept adding to its bearish position. The wallet’s PONS short has now climbed to 26 million tokens. As the token pulled back, the current value of that short position edged down to $18.67 million, with an unrealized loss of $1.6 million. The reported entry price was $0.66, while the current price stood at $0.72. TradingBeats also noted that Loracle’s PONS short had previously shown an unrealized loss of more than $7 million at one point. Across its main short positions, Loracle is now sitting on combined unrealized losses of about $21.38 million. The largest position is a $38.3 million short on HYPE, opened at $53.97 and marked against a current price of $84.27, leaving a paper loss of $13.77 million. Other disclosed positions include a $26.63 million short on SNDK, a $19.6 million short on NVDA, and a $10.73 million short on MU, all currently underwater based on the figures provided by TradingBeats.
BlockBeats reported on Sept. 8, citing TradingBeats monitoring, that Loracle, described as the largest on-chain short seller in PONS, continued to add to its short position. The position has now risen to 26 million PONS.
As the token price pulled back, the current value of Loracle’s PONS short slipped slightly to $18.67 million. The position is showing an unrealized loss of $1.6 million, with an entry price of $0.66 and a current price of $0.72.
TradingBeats said Loracle’s PONS short had previously recorded an unrealized loss of more than $7 million at one point. At present, the trader’s main short positions are carrying combined unrealized losses of about $21.38 million.
Loracle’s main short positions
- HYPE: short position valued at $38.3 million, entry price $53.97, current price $84.27, unrealized loss of $13.77 million.
- SNDK: short position valued at $26.63 million, entry price $1,475.37, current price $1,741.30, unrealized loss of $4.07 million.
- NVDA: short position valued at $19.6 million, entry price $225.70, current price $230.60, unrealized loss of $420,000.
- MU: short position valued at $10.73 million, entry price $870.69, current price $1,024.40, unrealized loss of $1.61 million.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
