TradingBeats, formerly Hyperinsight, said on Aug. 25 that address 0xc8b, described as the previous largest long holder in SKHX and tagged as "smart money," closed 26,600 long contracts yesterday afternoon. The exit was filled at roughly $32.188 million with an average close price of about $1,210.9, locking in an estimated profit of $1.952 million. SKHX was last quoted near $1,154.5.
By this morning, the notional value of SKHX open interest had fallen by about $63.39 million, down 16.4%, according to the same monitoring data. The whale's exit accounted for roughly half of that drop on the figures cited in the report.
The address has not fully stepped away. TradingBeats said 0xc8b has placed 100 non-reduce-only buy orders between $1,030 and $1,060, aiming to rebuild a 20,000-contract SKHX long worth about $20.9 million at a weighted order price near $1,045. That bid zone sits around 8.2% to 10.8% below the current market price. If all orders are filled, the address would again hold about $20.9 million in SKHX longs, with a new cost basis about 13.7% lower than yesterday's average exit price.
According to TradingBeats, formerly Hyperinsight, address 0xc8b — identified as the previous largest long holder in SKHX and tagged as "smart money" — closed 26,600 long contracts yesterday afternoon.
The position was exited for about $32.188 million at an average closing price of roughly $1,210.9, booking an estimated profit of $1.952 million.
SKHX was quoted at around $1,154.5. As of this morning, the notional value of SKHX open interest had dropped by about $63.39 million, a decline of 16.4%. Based on the figures cited, the whale's exit was equal to roughly half of the OI decline over the same period.
TradingBeats also said the address has placed 100 non-reduce-only buy orders between $1,030 and $1,060, with plans to buy back 20,000 SKHX contracts. The notional value of those orders is about $20.9 million, and the weighted order price is around $1,045.
That buying range is about 8.2% to 10.8% below the current price. If all orders are filled, the whale would once again hold roughly $20.9 million in SKHX longs, and the new cost basis would be about 13.7% lower than the average exit price recorded yesterday.
TradingBeats added that its on-chain perpetuals and address analysis tool is now live, supporting real-time Hyperliquid data tracking and address-level whale activity analysis.
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