How much has Loracle lost recently? The HYPE short position has an unrealized loss of about $15.29 million, and the PONS short position has lost another $4.08 million. In the past 30 days, the two addresses it tracks have seen perpetual contract losses close to $10 million and even exceeding $20 million. As of September 7, Loracle-related addresses hold approximately 454,500 HYPE short positions, with a position value of about $39.82 million and an average entry price of around $53.97. The screenshot shows HYPE priced at about $87.62, resulting in an unrealized loss of approximately $15.29 million, with a liquidation price of around $133.89. However, this address also holds about 240,500 HYPE spot positions, valued at approximately $21.08 million. If we only calculate the spot and perpetual positions within this address, it still has a net short position of about 214,000 HYPE, corresponding to a net short exposure of approximately $18.75 million. In the past 30 days, this address’s perpetual contracts have accumulated losses of about $20.91 million, with the total account showing a cumulative loss of approximately $31.88 million. That said, Loracle is simultaneously selling its HYPE spot positions while gradually closing its HYPE short positions. This indicates it is reducing both sides of its positions, but even after scaling down, it still maintains a net short position in HYPE. Another Loracle address holds an entire portfolio of short positions. As of September 7, this account’s short positions have a nominal value of about $88.5 million, with unrealized losses of approximately $10.5 million. Over the past 30 days, perpetual contract losses have totaled about $9.89 million. Among these, the SNDK short position has an unrealized loss of about $4.53 million, the PONS short position has an unrealized loss of about $4.08 million, the MU short position has an unrealized loss of about $1.6 million, and the NVDA short position has an unrealized loss of about $470,000. The PONS short position is the one being discussed the most recently. Currently, Loracle holds approximately 24.72 million PONS short positions, with a position value of about $20.25 million. The average entry price is around $0.6539, while the screenshot shows PONS priced at about $0.819, resulting in an unrealized loss of approximately $4.08 million. This short position was even more painful earlier, when PONS was priced at about $0.8877. At that time, Loracle’s short position was valued at approximately $21.94 million, with unrealized losses peaking at around $5.84 million. In other words, after PONS pulled back, it temporarily reduced its losses by about $1.76 million, but it’s still far from the average entry price. From the previous 11.73 million short positions to the current 24.72 million short positions, it’s clear that Loracle underestimated the strength of PONS’s rally and even expanded its position during the price surge. After suffering significant losses on the PONS short position, Loracle launched PEZ. PEZ is a launchpad similar to Ponsfamily, with zero platform fees, and was directly "vibed" out using Claude. Is this a desperate move to open a platform and recoup losses? It’s clear that Loracle underestimated the momentum Robinhood brought to this rally. Yesterday, PONS further launched on Binance contracts. Previously, Loracle was mainly dealing with PONS longs on Hyperliquid, but now it also has to face new capital and broader price discovery brought by Binance contracts. But honestly, it’s hard to understand why Loracle would short these trending narratives, especially when they’re backed by solid data. Whether it’s HYPE or PONS. Does it think it can single-handedly take down the entire market? #HYPE #Hyperliquid #PONS #HyperEVM