Trader Loracle Faces $1.34 Million Unrealized Loss on CASHCAT and PONS Short Positions

BlockBeats reported on September 3 that, according to TradingBeats monitoring, trader Loracle used 3x leverage to short CASHCAT and PONS, with the combined short position valued at about $10.62 million and an unrealized loss of about $1.34 million. According to BlockBeats On-chain Detection, PONS rose about 50.6% from the previous day on the platform and became the main source of losses. The CASHCAT short position totals 22.5 million tokens, worth about $5.72 million, with an average entry price of $0.231 and a current price of $0.254, resulting in an unrealized loss of about $515,000 and a return of about -29.6%. The PONS short position totals 9.13 million tokens, worth about $4.9 million, with an average entry price of $0.446 and a current price of $0.536, resulting in an unrealized loss of about $821,000 and a return of about -60.5%. TradingBeats said Loracle began expanding the two short positions at 8 p.m. on September 1, during which ordinary short orders totaled about $8.02 million. The latest additional PONS short order was placed at 6:16 p.m. today, and four non-reducing sell orders remain between $0.55276 and $0.5603, with plans to add about $300,000 more to the short position. TradingBeats also said its on-chain perpetuals and address analysis tool is now live and supports real-time Hyperliquid data tracking.