Loracle shorted PONS on Hyperliquid, from a floating loss of $8 million to a floating profit of $2.18 million

Loracle shorted PONS on Hyperliquid, with a position value of approximately $16.3 million, accounting for 17.5% of the token's open contracts. Loracle opened a position at $0.44 9 days ago and increased its position during the period when the PONS price reached a peak of $0.97. At that time, the position had a floating loss of over $8 million, but has now turned losses into profits, with a floating profit of approximately $2.18 million.