Loracle’s PONS Short Turns Profitable as Portfolio Loss Hits $7.75M
The three-times leveraged position held 984,765 PONS tokens and showed an unrealized profit of about $55,000 as of Sept. 23 at 11:06 p.m. ET (Sept. 24, 03:06 UTC).
Loracle’s three-times leveraged short position in PONS had turned profitable, even as the overall portfolio showed an unrealized loss of about $7.75 million and a negative return of 41%.
The position held 984,765 PONS tokens and showed an unrealized profit of about $55,000 as of Sept. 23 at 11:06 p.m. ET (Sept. 24, 03:06 UTC).
The portfolio also included a 20-times leveraged gold long valued at about $41 million, with an unrealized loss of nearly $1 million. Other positions included shorts in ENA, NEAR and CASHCAT, along with short positions in SanDisk, Nvidia and Micron shares.
The combined value of those short positions was about $79.29 million.
The overall portfolio showed an unrealized loss of about $7.75 million and a negative return of 41%.
