Trader “Loracle” shorted AI newcomer CBRS for 10 million; before that, he topped out, booking gains of more than $1.4 million.

robot
Abstract generation in progress

ME News alert. On May 15 (UTC+8), according to Hyperinsight monitoring, on Hyperliquid the well-known trader “Loracle” shorted 29,771 CBRS with 5x leverage last night. The position was previously valued at approximately $11.3 million, making it the largest on-chain short position for this asset. Its average entry/holding price is about $333.13, with a small unrealized gain of $190k (1.6%). The contract price is temporarily reported at $326.6.

It is said that Cerebras (CBRS), once dubbed an “AI upstart and the strongest challenger to NVIDIA,” was officially listed on the Nasdaq yesterday. It completed the largest IPO in the AI chip sector’s history and surged 68% at the close of its first day.

Previously, after this trader raised the “buy” target price at Mizuho Securities, they precisely topped out SNDK at its target price, opening an $8 million short position. That short position has now gained over $1.4 million (63%).

Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae (Source: BlockBeats)

CBRS-10.68%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • 3
  • Share
Comment
Add a comment
Add a comment
BetweenBidAndAsk
· 12h ago
Using 5x leverage to short new stocks, really bold.
View OriginalReply0
Mint-ColoredCalmness
· 18h ago
What is the logic behind empty CBRS, a valuation bubble or short-term arbitrage?
View OriginalReply0
GateUser-b4b056d3
· 18h ago
Just listed and already empty, is this the betting on the sentiment retreat?
View OriginalReply0
PerpWhisperer
· 18h ago
Mizuho raised the buy recommendation and then went short; I’m impressed by this move.
View OriginalReply0
GaslightGuardian
· 18h ago
AI chip IPO's first day surged 68%, shorting definitely takes courage
View OriginalReply0
MarginMom
· 18h ago
Major players on Hyperliquid, be cautious when copying trades
View OriginalReply0
PickingUpAirdropsInTheFog
· 18h ago
SNDK and CBRS dual spectrum, focusing on the hottest market segments
View OriginalReply0
SugarMarketMaker
· 18h ago
A profit of 190k looks satisfying, but can you handle the 5x leverage volatility of new stocks?
View OriginalReply0
  • Pinned