Loracle launched pez.family, a live fork of the Pons token-issuance platform that the trader said was built using the Fable 5.1 AI model and charges zero fees. The launch came as Loracle continued adding to a PONS short worth about $23 million, entered at an average price of $0.65 and facing liquidation at $1.82, with roughly $7 million in unrealized losses. Members of the crypto community speculated that the fee-free fork was intended to challenge the Pons platform's narrative by demonstrating that it could be readily replicated, potentially easing pressure on the short. PONS continued to trade strongly near a $1 billion market capitalization, and the move appeared to have had little effect. Loracle's broader open shorts previously showed about $28.7 million in combined unrealized losses, led by positions in HYPE and SNDK.