Largest PONS short seller on Hyperliquid closes position for $1.35M profit, opens new one
- —Closing the PONS short earned Loracle $1.35 million
- —The CASHCAT short was closed for a $1.03 million profit
- —A new PONS short worth roughly $330,000 was opened
- —The trader continues to increase the short position
Why it matters: The activity of the largest PONS short seller may signal an expectation of further declines in the token's price.
Source: PANews