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Whale Loracle raises 3x leveraged PONS short to $21.078 million

  • Loracle continued increasing its 3x leveraged short position in PONS, Hyperbot data showed.
  • 25,747,236 PONS were held, valued at approximately $21.078 million.
  • Odaily provided a link to Loracle’s Hyperbot trader page.

Whale trader Loracle has continued increasing a 3x leveraged short position in PONS, with holdings reaching 25,747,236 tokens valued at approximately $21.078 million, according to Hyperbot data cited by Odaily. A short position is designed to profit if an asset’s price declines, while leverage magnifies the position’s market exposure and potential losses.

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