Trader "Loracle" Shorted $10 million on AI Unicorn CBRS, Previously Raked in Over $1.4 million on Shiba Flash Loan

BlockBeats News, May 15th, according to Hyperinsight Monitoring, Hyperliquid's renowned trader "Loracle" shorted 29,771 CBRS with 5x leverage last night, previously valued at approximately $11.3 million, marking the largest on-chain short position for this asset. The average entry price for the position was around $333.13, with a modest profit of $190,000 (1.6%), and the contract's current price is currently trading at $326.6.

It is reported that Cerebras (CBRS) is an AI newcomer once known as the "strongest challenger to NVIDIA." Yesterday, it was officially listed on Nasdaq and completed the largest IPO in the history of the AI chip sector, closing the first day with a 68% surge.

Previously, the trader, after Mizuho Securities raised the "buy" target price, accurately shorted SNDK at the target price, opening a $8 million short position. Currently, this short position has made over $1.4 million in profit (63%).

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae