According to on-chain analyst Ember, SK Hynix released its second-quarter earnings earlier today, with both sales and profit coming in below expectations. The stock had already fallen 8% yesterday and extended losses by another 10% today. Against that backdrop, the largest SK Hynix short position on Hyperliquid is now sitting on an unrealized profit of $9.56 million. The update points to a sizable winning bearish bet on the platform as the chipmaker’s shares continue to decline following its latest earnings release.
According to on-chain analyst Ember, SK Hynix released its second-quarter earnings earlier today, with both sales and profit missing expectations.
SK Hynix fell 8% yesterday and dropped another 10% today. On Hyperliquid, the largest SK Hynix short position is now showing an unrealized profit of $9.56 million.
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