Trader Lorale’s PONS Short Turns Profitable on Hyperliquid

Arkham said trader Lorale’s PONS short position has turned profitable. According to Odaily, Lorale currently holds a $16.3 million PONS short on Hyperliquid, equal to 17.5% of the token’s total open interest. The position was opened nine days ago at an average price of $0.44 and was added to while PONS climbed to an all-time high of $0.97. The short had an unrealized loss of more than $8 million at one point and is now up about $2.18 million.