According to CoinMeta, the largest short seller on the chain, Loracle, continues to increase its holdings. Currently, it holds 26 million PONS tokens, with a short position valued at $18.67 million and a floating loss of $1.6 million. Previously, the short position had a floating loss of over $7 million. Loracel currently has a total floating loss of $21.38 million on its short positions, including a floating loss of $13.77 million from shorting HYPE, $4.07 million from shorting SNDK, $0.42 million from shorting NVDA, and $1.61 million from shorting MU.