Loracle’s 3x PONS short turns profitable with about $55,000 gain

  • Loracle increased a three-times leveraged short position in PONS.
  • About $55,000 is the current unrealized profit on the PONS short.
  • Loracle also holds a 20x gold long worth $41 million and $79.29 million in shorts.

Crypto whale Loracle has increased a three-times leveraged PONS short, which now holds 984,765 PONS and has moved from a loss to an unrealized gain of about $55,000, Hyperbot data shows. Loracle also has a 20-times leveraged gold long worth about $41 million, carrying an unrealized loss of nearly $1 million. Other positions include shorts on ENA, NEAR and CASHCAT, as well as U.S. stocks SanDisk, Nvidia and Micron. Those short positions are worth about $79.29 million, while the overall portfolio has an unrealized loss of about $7.75 million and a return on investment of negative 41%.

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