Trader Loracle holds a PONS short order on Hyperliquid, with a floating loss of nearly $3 million

According to on chain analyst Ai Yi's monitoring, trader Loracle has held three times short positions of 25.04 million PONS on Hyperliquid since September 3rd, with a holding value of approximately $19.41 million and an average opening price of $0.6553. Currently, there is a floating loss of nearly $3 million. On September 6th, overseas analyst @ mlmabc posted a public call for funds to target the short position, and Loracle's liquidation price for the short position was $1.83.