Renowned trader "Loracle" has profited nearly $2 million by shorting Cerebras (CBRS) on Hyperliquid, according to Coinbob's hot address monitoring. The trader reduced their position from $11.3 million to $6.47 million, with $1.52 million in unrealized profits remaining. CBRS, an AI startup recently listed on Nasdaq, experienced a surge, prompting the short position. Previously, "Loracle" also profited from shorting SNDK, reducing the position from $8 million to $5.1 million, with $850,000 in unrealized gains. Both short positions are being gradually reduced, reflecting strategic profit-taking by the trader.