Trader Loracle cuts PONS and CASHCAT shorts, profit tops $5 million
- —Remaining short in CASHCAT is $5.74 million, in PONS is $15 million
- —Average entry price: CASHCAT $0.207, PONS $0.665
- —The loss on these positions previously reached $6.3 million
- —Positions were only partially closed, profit not locked in
Why it matters: Large shorts on low-liquidity tokens could add downward pressure on their prices if positions are further reduced.
Source: TokenPost