Trader Loracle has continued adding to a 3x leveraged PONS short on Hyperliquid, with Hyperbot data cited by Odaily showing 25,747,236 tokens valued at approximately $21.078 million. Earlier TradingBeats monitoring identified an associated position holding 25.1892 million PONS worth about $21.0961 million at an average entry price of $0.6562; at a PONS price of $0.8374, it showed an unrealized loss of approximately $4.5655 million and a liquidation price of about $1.8288. MLM said a team was forming to target the position after receiving eight-figure capital commitments, while separate monitoring reported $10.6 million in aggregate unrealized losses across PONS, SNDK, MU and NVDA.