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Hyperliquid whale nets $2.12M from PONS short as token price drops 21% in 24 hours

Market News
03 Oct 2026
Tokenpost
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Bearish
Hyperliquid whale nets $2.12M from PONS short as token price drops 21% in 24 hours

A large trader on Hyperliquid holding the address 0x936c gained about $2.12 million in unrealized profits by shorting the PONS token, whose perpetual futures price fell 21.3% within 24 hours. The trader's position involved approximately 14.85 million PONS tokens valued at $6.26 million, using 2x leverage, and showed a return of roughly 50.6%. This whale increased their short position by 1.09 million PONS on October 3. Meanwhile, PONS's market price dropped over 18% in the same period, with a market cap of $427 million, signaling significant volatility in the token's market.

The Hyperliquid whale address 0x936c's short gain on PONS token is notable. For readers following the broader cryptocurrency market, here is Pluang's market snapshot as of Oct 03, 2026 17:31 WIB: out of 50 major cryptocurrencies priced on Pluang, 15 rose and 33 fell. Notable movers include BAL (Balancer) at Rp16.297 with a 1-day change of +11.14%, EOS (EOS.IO) at Rp12.649 with +8.13%, and COTI at Rp240 with -5.85%, where Pluang order activity showed 78% Sell and 22% Buy.

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