5x leverage short CBRS, this move is quite aggressive, Loracle is really daring to bet on a pullback during the hottest IPO hype.

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, and the current price is $326.6, with an unrealized profit of about $190k. CBRS was listed on NASDAQ yesterday, rising 68% on its first day, and is 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.