A cryptocurrency whale, identified as loracle.hl (@loraclexyz), has incurred a $1.3 million loss after shorting 29,772 shares of AI chip manufacturer Cerebras. The shares, valued at $11.22 million, were shorted on-chain using 5x leverage. This development was reported on May 14, based on data from Lookonchain monitoring.
Whale Faces $1.3M Loss from Shorting Cerebras Shares
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