Altcoin Whale Being Targeted: Position Turns from Loss to $1.4 Million Profit

With the drop in PONS price, the whale’s position shifted from a $6.57 million loss to a $1.4 million unrealized profit.

The whale associated with the @loraclexyz account in Lookonchain’s post came to the forefront with a position opened betting that the PONS price would fall.

In the previous measurement, the position was seen to be 17.79 million PONS worth approximately $16.31 million. In the subsequent trading dashboard screenshot, the amount was listed as approximately 27.75 million PONS, with a position value of $17.06 million.

PONS short position turns into profit

The new trading dashboard record shows that the trade is a 3x leveraged short. While PONS’s entry price was recorded at $0.66500, the price at the time the screenshot was taken was $0.61464. The price dropping below the entry level increased the profit of the short position.

The dashboard shows $1,397,661 in unrealized profit and approximately $148,310 in funding amount for this position. This figure reflects the profit-loss status seen on the screen while the position is open.

Previously, @mlmabc requested via message that individuals with large capital form a team to target this position. The account stated in private messages that they were looking for seven-figure sizes and had received eight-figure commitments.