Trader Loracle's PONS short position turns profitable after $11M drawdown

On-chain analyst Onchain Lens reported that trader Loracle's short position of 27.75 million PONS tokens has turned profitable, recording an unrealized gain of approximately $86,800 after previously facing a floating loss exceeding $11 million. However, the trader's positions in SNDK and MU remain in the red, with floating losses of $4.28 million and $1.59 million respectively, resulting in a total unrealized loss of about $3.8 million.