Trader 0xRay518 increases short positions on PONS and SNDK

According to TradingBeats, trader 0xRay518 has increased short positions on PONS and SNDK over the weekend. The address currently holds $13.46 million in 10x short positions for SNDK and $3.62 million in 3x short positions for PONS, making it the second-largest short position holder on Hyperliquid. Additionally, the trader reduced Bitcoin short positions by 49.12 BTC this morning but still maintains $81.52 million in 20x short positions.