Hyperliquid's Largest PONS Short Seller Reduces PONS and CASHCAT Positions

BlockBeats reported on September 14 that TradingBeats, formerly Hyperinsight, showed Hyperliquid's largest PONS short seller, Loracle sub-address 0xefe4...194b, slightly and continuously reduced its PONS and CASHCAT short positions today. According to BlockBeats On-chain Detection, the address still holds about 27.21 million PONS in a 3x short position and about 35.6 million CASHCAT in a 3x short position.The PONS position is valued at about $14.75 million, with unrealized gains of about $3.34 million. The CASHCAT position is valued at about $5.44 million, with unrealized gains of about $1.94 million.Together, the two short positions are worth about $20.19 million, with combined unrealized gains of about $5.28 million.