Trader Cuts Leveraged CASHCAT and PONS Shorts as Combined Position Value Reaches $20.74 Million

A trader identified as Loracle has continued reducing 3x leveraged short positions in CASHCAT and PONS over the past two hours, with the combined position value at about $20.74 million. According to Odaily, the positions are now in more than $5 million in unrealized profit after at one point being down $6.3 million. The CASHCAT short is worth about $5.74 million, with an average entry price of $0.207 and an unrealized profit of about $1.712 million. The PONS short is worth about $15 million, with an average entry price of $0.665 and an unrealized profit of about $3.298 million.