Trader Loracle Shorts CASHCAT and PONS, Experiences $1.33 Million Unrealized Loss

BlockBeats News, September 3rd, according to TradingBeats monitoring, trader Loracle went short on CASHCAT and PONS with 3x leverage, with a total position value of approximately $10.621 million, currently experiencing a unrealized loss of about $1.336 million.

Among them, the significant price surge of PONS by approximately 50.6% from the previous day became the main source of losses:

CASHCAT short: holding 22.4999 million tokens, valued at around $5.723 million, entry price of $0.231, current price at $0.254, unrealized loss of about $0.515 million, with a return rate of approximately -29.6%;

PONS short: holding 9.1261 million tokens, valued at around $4.898 million, entry price of $0.446, current price at $0.536, unrealized loss of about $0.821 million, with a return rate of approximately -60.5%.

Starting from 8:00 PM on September 1st, Loracle began to increase the size of the two short positions, with a total cumulative ordinary short opening transaction amount of about $8.024 million. The most recent additional short position on PONS occurred today at 6:16 PM, with 4 unchanged sell orders ranging from $0.55276 to $0.5603, planning to further increase the short position by about $0.3 million.

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