BlockBeats reported on July 7, citing Hyperinsight monitoring, that a whale address beginning with 0x7de is still holding the only million-dollar-scale long position in Samsung Electronics (SMSN) on Hyperliquid. At the time of writing, the position was a 3x leveraged long worth about $1.492 million, with an average entry price of $204.35 and a liquidation price of $143.32. The unrealized loss stood at roughly $96,000, or -18.1%.</p><p>After Samsung released its preliminary second-quarter earnings, the stock price moved sharply lower rather than higher. Against that backdrop, the whale did not reduce exposure. Instead, after the price fell around 9:00, the address added another 2,870 units in the $194.69 to $198.44 range, bringing its net position to 7,770 units. The address reportedly began building the position from zero on the morning of July 6 Beijing time, with the first fill at $208.97.</p><p>At present, the wallet has placed only one take-profit order for SMSN at $245, covering 2,100 units, or about 27% of the total position. That level remains more than 20% above the current price, suggesting the trader is still maintaining a relatively aggressive bullish stance despite the drawdown.
Only one million-dollar SMSN whale long remains on Hyperliquid
According to BlockBeats on July 7, citing monitoring data from Hyperinsight, a whale address beginning with 0x7de is still holding a 3x leveraged long on Samsung Electronics (SMSN) on Hyperliquid. At the time of writing, the position size was about $1.492 million, with an average entry of $204.35 and a liquidation price of $143.32. The unrealized loss was approximately $96,000, equal to about -18.1%.
Samsung’s preliminary second-quarter earnings were released earlier in the day, but the stock price moved sharply lower instead of rising. Based on Hyperinsight’s tracking threshold for million-dollar positions, this address has now become the only whale on Hyperliquid still holding a large SMSN long position.
The whale started building on July 6 and added on the dip
On-chain data shows the address began building the position from zero on the morning of July 6, Beijing time. Its first execution was recorded at $208.97. After the stock dropped sharply around 9:00 on July 7, the whale did not reduce exposure. Instead, it added 2,870 more units in the $194.69 to $198.44 range, bringing its net position to 7,770 units.
At present, the address has placed only one SMSN take-profit order, set at $245 for 2,100 units. That order covers only about 27% of the overall position. With the take-profit level still more than 20% above the current price, the wallet appears to be maintaining its bullish bet despite the recent drawdown.
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