On-Chain Trader Loracl Closes Partial Short Positions on PONS and CASHCAT, Locks $2.38M Profit

On-chain trader Loracl has partially liquidated its leveraged short positions on PONS and CASHCAT, locking in approximately $2.38 million (around 33 billion KRW) in profits. Foresight News reported the partial closing of Loracl's short positions on both assets and the profit amount. Blockbits noted that following the partial liquidation, over $3 million (approximately 41 billion KRW) in unrealized gains remained across both positions as of April 14.