SKHX rebounded more than 11% from an intraday low of $879.4 on July 29, according to monitoring data from Hyperinsight. After the move began, a whale address starting with 0xc8b chased the rally and bought 31,968.2 SKHX within roughly half an hour, with total turnover of about $31.389 million and an average entry price of $981.9. At press time, SKHX was trading at $976.62. The address was holding the position as a 3x leveraged long, showing an unrealized loss of about $169,000, a return of roughly -1.6%, and a liquidation price near $553.70. Hyperinsight said the trade is now the largest single position ever opened by the address and has pushed it to No. 1 on the SKHX long-position ranking. Since first becoming active on July 24, the address has only traded Micron, Sandisk and Hynix-related instruments, and all of its bets have been on the long side.
SKHX rebounded more than 11% from an intraday low of $879.4 on July 29, according to monitoring data from Hyperinsight.
A whale address beginning with 0xc8b started buying into the move in the afternoon and accumulated 31,968.2 SKHX in roughly half an hour. Total turnover was about $31.389 million, with an average execution price of $981.9.
As of publication, SKHX was trading at $976.62. The address was holding the position as a 3x leveraged long, with an unrealized loss of about $169,000, a return of roughly -1.6%, and a liquidation price near $553.70.
Hyperinsight said the trade is the largest single position ever opened by this address so far. It also lifted the wallet to the No. 1 spot on the SKHX long-position leaderboard.
Since first becoming active on July 24, the address has traded only Micron, Sandisk and Hynix-related instruments, and every trade has been a long. Its previous two Micron long entries were each worth about $28 million to $29.3 million. Last night, it also opened a Sandisk long worth about $14.66 million, then exited at a loss around midday on July 29. Each round of trading by the address has involved positions worth tens of millions of dollars.
Earlier coverage said the whale had a 100% win rate on Micron trades and had previously placed another heavy bet worth more than $25 million.
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