Loracle's short position on PONS currently has an unrealized profit of $2.18 million, having previously suffered an unrealized loss of over $8 million at one point.

BlockBeats news, September 10th, according to Arkham monitoring, Loracle is currently shorting PONS on Hyperliquid, with a position value of approximately $16.3 million, accounting for 17.5% of the token's total open interest.

Loracle opened the position 9 days ago at $0.44 and continuously added to it as the PONS price continued to rise, reaching a high of $0.97. At that time, the short position had an unrealized loss of over $8 million.

As the PONS price has fallen back, Loracle has now turned a profit, with the short position showing an unrealized gain of approximately $2.18 million.