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Loracle has been adding to his $PONS short and closing out his other positions to try to continue to feed that. Current liq is 1.05. Obviously he can also close the position to and just take the L. team has a few million in the buyback wallet too, and momentum keeps accelerating with no break in market structure at this time. Could get interesting, it's still a ways off but something to watch. He's short from .53 and down a few m on the position currently. One big exchange listing away. imo it's better to short things that are doing bad, bc they tend to continue to do bad, then to short things that are doing good, especially when buybacks to marketcap are that high. but im also not a perps trader and am a spot trader. so there's that. take it with a grain of salt. im quite dumb in general 17m+ short and growing btw