Loracle shorted PONS to turn losses into profits, with a total loss of $16.2 million from major short positions

Loracle, the largest short seller on the PONS chain, had a floating profit of $660000 on its PONS short position. Its main short positions had a total net floating loss of approximately $16.2 million, including a floating loss of $13.01 million on HYPE, $4.17 million on SNDK, $220000 on NVDA, $1.57 million on MU, and $1.66 million on CASHCAT.