Whale Loracle's PONS short position recovers to profit

According to Onchain Lens, whale trader Loracle has successfully turned a 27.75 million PONS short position into a profit of $86,800, recovering from a previous floating loss of over $11 million. The trader continues to hold losing positions in SNDK and MU, which are down $4.28 million and $1.59 million respectively, bringing the total portfolio floating loss to $3.8 million.