The largest short seller on the PONS chain, "Loracle," is facing a hunt, with the whale-hunting team claiming to have secured commitments of eight-figure scale funds.

BlockBeats News, September 7 - On-chain analyst MLM publicly stated that they are assembling a team to target Loracle (the largest PONS short position on Hyperliquid), inviting interested users with substantial capital to contact them via private message. They later added that seven-figure capital can be discussed privately, and have already secured eight-figure capital commitments.

According to TradingBeats monitoring, the address starting with 0xefe4, labeled as a "Loracle sub-address," currently holds approximately 25.1892 million PONS short positions, with a position value of about $21.0961 million, using 3x leverage, accounting for roughly 19.1% of Hyperliquid's total PONS open interest. The average entry price for this address is approximately $0.6562, while PONS is currently trading at $0.8374, resulting in an unrealized loss of about $4.5655 million.

The liquidation price for this address's PONS position is approximately $1.8288; without adding margin, PONS would need to rise approximately 118.4% from its current price to trigger liquidation.