Loracle's 3x PONS Short Position Publicly Targeted, Unrealized Loss Nears $3 Million

News on September 7, according to on-chain analyst @Ai's monitoring, another "whale hunt" unfolded on Hyperliquid. Trader Loracle has held a 3x short position on PONS since September 3, with a position of 25.04 million PONS (approximately $19.41 million), at an average entry price of $0.6553, representing 19% of Hyperliquid's total PONS open interest, and continues to add to the position, now showing an unrealized loss of nearly $3 million. The trader has even created a zero-fee forked version of Pons in a self-rescue attempt. Overseas analyst @mlmabc posted on September 6, publicly soliciting funds to jointly target this short seller, claiming "an 8-figure capital commitment has been secured." Loracle's short liquidation price is $1.83, meaning PONS would need to rise another 128% to trigger liquidation.