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PONS jumps nearly 50% as Loracle faces $2M unrealized short loss

  • Loracle is shorting $11.3 million of PONS, Arkham monitoring shows.
  • PONS gained nearly 50%, leaving Loracle with a $2 million unrealized loss.
  • Uniswap bought some PONS tokens and included them on its balance sheet.

PONS rose nearly 50% on Sept. 4 as trader Loracle held an $11.3 million short position with an unrealized loss of $2 million, according to Arkham monitoring cited by PANews. Uniswap also bought part of the token supply and added it to its balance sheet.

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