Lorale's PONS short position turns from over $8 million unrealized loss to $2.18 million profit

Odaily reports: According to Arkham monitoring, the PONS short position established by trader Lorale has turned profitable. Lorale currently holds a PONS short position worth $16.3 million on Hyperliquid, accounting for 17.5% of PONS's total open interest across the network.

The position was opened 9 days ago at an average price of $0.44, and was continuously added to during PONS's surge to its all-time high of $0.97, with unrealized losses at one point exceeding $8 million. Currently, the short position has an unrealized profit of approximately $2.18 million.