On-chain monitoring firm Lookonchain tweeted that an entity (@loraclexyz) has shorted PONS and CASHCAT tokens on Robinhood and is currently experiencing significant unrealized losses. The entity shorted 17.26 million PONS tokens, valued at $11.6 million, with 3x leverage, and has an unrealized loss of $2.38 million. Additionally, the entity shorted 22.5 million CASHCAT tokens, valued at $6.18 million, with 3x leverage, and has an unrealized loss of $970,000.