Loracle Profits $1.35 Million from PONS Short Position

According to on-chain analyst Ai 姨 (@ai_9684xtpa), Hyperliquid's top PONS short seller, Loracle, closed a short position held for over two weeks on September 18, securing a profit of $1.35 million. Loracle also closed a $CASHCAT short position for a $1.02 million profit and has since reopened a $330,000 short position in PONS. An attempt by @mlmabc to challenge Loracle through a community-led initiative ended without further action, resulting in a unilateral victory for the short seller.