PONS: Short Trader Turns Profitable on Hyperliquid

Hyperliquid $PONS largest short holder Loracle flipped 27.75 million PONS shorts worth $17.12 million from a $7.75 million max loss into $1.378 million unrealized profit as price slid to $0.62.

The sequel whale hunt follows the 2025 Bitcoin campaign, with MLMabc now coordinating eight-figure capital against the position that still requires a 128% rally to $1.83 for liquidation.

Price action on the 4h chart shows a bearish trend with price testing lower Bollinger support at $0.62 while EMA50 resistance sits at $0.67 and EMA200 at $0.35; MACD death cross at -0.01 and RSI at 39.78 confirm momentum remains weak, suggesting any bounce stalls at the 50-EMA before continuation lower.