"Whale Hunting Operation" round two! It’s somehow still a serial drama 🐋
🔹Same Hyperliquid, same public callout on X, same hunt for the shorts
🔸What’s different: the target changed from $BTC to $PONS , and the leader changed from Cbb to MLM
Here’s what happened
▶︎ Since 09.03, Loracle has opened a 3x short on PONS, currently holding 25.04 million tokens (about $19.41 million) at an entry price of $0.6553; this accounts for 19% of Hyperliquid $PONS 's total OI, and he is still adding to the position. He is now down nearly $3 million, and even built a zero-fee fork version of Pons by hand, hoping to use it to hit Pons and save himself
▶︎ MLM, a well-known overseas analyst, publicly posted yesterday evening, saying, "If you want to go heavy on him, and your capital exceeds 7 figures, DM me," then added, "There are already capital commitments at the 8-figure level"
▶︎ Loracle’s liquidation price is currently $1.83, meaning PONS would need to rise another 128% (assuming no margin top-up), corresponding to an actual market cap of $1.284 billion
The whale-hunting campaign in March 2025 against a Hyperliquid 50x leverage big shot also caused quite a stir, with even Sun Ge, the god of traffic in ancient Greece, "joining in"; the public attack ended in failure. The 50x contract trader ultimately held out for 4 days before exiting with a profit of $5.101 million. If you're interested, you can revisit the quoted tweet—it was also a thrilling "capital power war"
As for the outcome of this "PONS whale hunt," let’s see in the next episode 💁♀️
🔹Same Hyperliquid, same public callout on X, same hunt for the shorts
🔸What’s different: the target changed from $BTC to $PONS , and the leader changed from Cbb to MLM
Here’s what happened
▶︎ Since 09.03, Loracle has opened a 3x short on PONS, currently holding 25.04 million tokens (about $19.41 million) at an entry price of $0.6553; this accounts for 19% of Hyperliquid $PONS 's total OI, and he is still adding to the position. He is now down nearly $3 million, and even built a zero-fee fork version of Pons by hand, hoping to use it to hit Pons and save himself
▶︎ MLM, a well-known overseas analyst, publicly posted yesterday evening, saying, "If you want to go heavy on him, and your capital exceeds 7 figures, DM me," then added, "There are already capital commitments at the 8-figure level"
▶︎ Loracle’s liquidation price is currently $1.83, meaning PONS would need to rise another 128% (assuming no margin top-up), corresponding to an actual market cap of $1.284 billion
The whale-hunting campaign in March 2025 against a Hyperliquid 50x leverage big shot also caused quite a stir, with even Sun Ge, the god of traffic in ancient Greece, "joining in"; the public attack ended in failure. The 50x contract trader ultimately held out for 4 days before exiting with a profit of $5.101 million. If you're interested, you can revisit the quoted tweet—it was also a thrilling "capital power war"
As for the outcome of this "PONS whale hunt," let’s see in the next episode 💁♀️
