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

Odaily news: 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.

This position was opened 9 days ago at an average price of $0.44 and was continuously added to while PONS surged to its all-time high of $0.97, during which the unrealized loss once exceeded $8 million. Currently, the short position has an unrealized profit of approximately $2.18 million.