Loracle Records $10.6 Million Unrealized Loss

Large trader Loracle has recorded an unrealized loss of $10.6 million from newly opened positions over the past two days. The losses are concentrated in positions related to SanDisk (SNDK), PONS, Micron (MU), and Nvidia (NVDA). Onchain Lens reported that Loracle's latest holdings have an estimated loss of $10.6 million. The losses by stock are as follows: $4.6 million for SNDK, $4.2 million for PONS, $1.61 million for MU, and $462,000 for NVDA. This loss serves as an example of the risk exposure in stock-based perpetual contract trading on Hyperliquid, with SNDK, MU, and NVDA having a strong derivative contract nature based on traditional stocks. Loracle has been mentioned in past reports as a target for tracking Hyperliquid positions. The SNDK position accounted for the largest share of this loss tally, with the related trading volume estimated at $16.291 billion. Unrealized losses are calculated based on the current price before closing the position, and the scale of losses may vary depending on future price changes and position adjustments.

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