Trader Loracle holds $7.1M CASHCAT short — 4.4% of total supply
- —Loracle's CASHCAT short is worth about $7.1 million, or 4.4% of token supply
- —The position was opened on September 20 and initially showed a $1.4 million loss
- —It has since flipped to an unrealized profit of $194,000
- —Leverage and liquidation price for the position were not disclosed
Why it matters: A short covering 4.4% of a memecoin's supply can sharply amplify CASHCAT volatility in either direction.
Source: TokenPost