[The Largest On-Chain Short Position in PONS Turns from a $6.57M Unrealized Loss to a $1.4M Unrealized Profit] According to monitoring by Lookonchain, as the price of PONS declined, the largest on-chain short position in PONS held by loracle.hl has shifted from an unrealized loss of $6.57 million to an unrealized profit of $1.4 million. Lookonchain previously revealed that loracle.hl had incurred a $70 million loss in HYPE trading and subsequently continued to increase its short position in PONS. As of September 5, its short position amounted to approximately 17.79 million PONS, valued at around $16.31 million at the time, with an unrealized loss of $6.57 million. Lookonchain also noted that mlmabc once attempted to rally traders to jointly target this position, but it now appears that the opportunity may have been missed.