Renowned trader "Loracle" has executed a significant short position on AI chip stock CBRS, according to Hyperinsight monitoring. On May 15, Loracle shorted 29,771 CBRS contracts on Hyperliquid with 5x leverage, valued at approximately $11.3 million. This marks the largest on-chain short position for this asset. The average entry price was $333.13, and with the current contract price at $326.60, Loracle has an unrealized profit of $190,000, or 1.6%. Cerebras (CBRS), which recently completed the largest IPO in AI chip history, surged 68% on its Nasdaq debut. Previously, Loracle successfully shorted SNDK after Mizuho Securities raised its target price, resulting in a $1.4 million profit. The trader's address is 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae.
Trader 'Loracle' Takes $11.3M Short Position in AI Chip Stock CBRS
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