Whale Loracle turns profit on 3x leveraged PONS short position

On-chain data shows that whale Loracle has increased its 3x leveraged short position on PONS over two consecutive days. The position, currently holding 984,765 PONS, has shifted from a loss to a floating profit of approximately $57,000. Loracle also maintains short positions on various altcoins including ENA, NEAR, and CASHCAT, as well as several U.S. stocks, with a total short portfolio value of about $79.29 million. Additionally, the whale holds a 20x leveraged long position in gold valued at $41 million, which is currently showing a floating loss of nearly $1 million.