An on-chain wallet has fallen into a loss of more than $1 million after opening a leveraged long position in SKHX, according to monitoring data cited by Odaily. On-chain analyst Ai Yi said the address opened a 4x long on 23,300 SKHX at 14:38 today, with the position valued at $24.67 million and an entry price of $1,106.8. After a sharp intraday crash earlier in the day, most of the leading positions were either liquidated or auto-deleveraged. The address has now become the No. 2 SKHX position on Hyperliquid. The report did not identify the wallet owner, and no additional details were disclosed beyond the position size, leverage, entry level and unrealized loss.
An address opened a 4x long position on 23,300 SKHX at 14:38 today, with the position valued at $24.67 million and an entry price of $1,106.8, according to on-chain analyst Ai Yi, as cited by Odaily. The position is now sitting on an unrealized loss of more than $1 million.
Ai Yi said the move came after a flash crash earlier in the day. Most of the top-ranked positions were liquidated or auto-deleveraged, and the address has now become the No. 2 SKHX position on Hyperliquid.
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