Hyperliquid Whale Address 0x936c Holds $2.12 Million PONS Short Gain

Hyperliquid whale address 0x936c held a PONS short position with about $2.12 million in unrealized gains as the token’s perpetual futures price fell 21.3% over 24 hours.

The position contained about 14.85 million PONS, was valued at roughly $6.26 million and used 2x leverage. Its reported return was about 50.6%. The address added roughly 1.09 million PONS to the short on Oct. 3.

PONS perpetual futures on Hyperliquid had a mark price of about $0.42. PONS was down more than 18% over 24 hours, with a market capitalization of $427 million.