Hyperinsight states that the well-known trader "Loracle" on Hyperliquid shorted 29,771 units of CBRS with 5x leverage, with an average entry price of approximately $333.13, now priced at $326.6, with an unrealized profit of about $190k. CBRS was listed on NASDAQ yesterday, rising 68% on its first day, regarded as a major IPO in the AI chip sector. Previously, after Mizuho Securities raised its buy rating, they opened an $8 million short position on SNDK, now with a profit of over $1.4 million (63%). Source: BlockBeats.

MeNews

2026-05-22 08:03:52

Abstract generation in progress

ME News Report, May 15 (UTC+8), according to Hyperinsight monitoring, the well-known trader "Loracle" on Hyperliquid shorted 29,771 CBRS tokens with 5x leverage last night, previously valued at approximately $11.3 million, making it the largest on-chain short position for this asset. The entry and current position average price is about $333.13, with a small unrealized profit of $190k (1.6%), and the current contract price is temporarily reported at $326.6.
It is reported that Cerebras (CBRS) was once called "NVIDIA's strongest challenger," a new AI startup that officially listed on NASDAQ yesterday, completing the largest IPO in AI chip history, closing the first day up 68%.
Previously, after this trader raised the "Buy" target price on Mizuho Securities, they precisely topped out at SNDK at their target price, opening an $8 million short position, which has now gained over $1.4 million (63%).
Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae (Source: BlockBeats)

CBRS-8.54%

SNDK-0.39%

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GateUser-ebdc7d3a

· 9h ago

CBRS surged 68% on the first day. Still willing to short? Is it because of a bubble or just pure speculation on volatility?

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GateUser-35b998a0

· 10h ago

Mizuho just went long and then quickly shorted again; this rhythm is pretty sharp.

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YieldCartographer

· 10h ago

AI chip IPOs are highly popular. Dare to bet heavily on shorting at this time—are you leveraging an information advantage or just relying on pure technical analysis?

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BorrowedSun

· 10h ago

The 63% profit from that SNDK deal is the real highlight; CBRS is more like a casual way to skim some extra gains.

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SushiSlippage

· 10h ago

A unrealized profit of 190k looks appealing, but can the leverage from the volatility of new stocks withstand the drawdown?

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TvlDownBad

· 10h ago

This leverage is really aggressive—shorting new stocks at 5x. Loracle has an exceptionally big nerve.

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Trader “Loracle” shorts AI newcomer CBRS with 10 million; previously it topped out and profited over $1.4 million, backed by SanDisk

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