SK Hynix’s tokenized stock product SKHY on Hyperliquid fell from around $171.61 and briefly dropped below $160 on July 13, according to monitoring data from Hyperinsight. The move put the platform’s largest SKHY long position under pressure.
The position, held by an address beginning with 0xd52, is a 3x isolated-margin long on Hyperliquid with a notional size of about $27.986 million. As of publication, the trade was showing an unrealized loss of roughly $1.433 million, with a return of about -14.6%.
Hyperinsight data also showed the position’s average entry price at $169.9468 and its liquidation price at $97.85. The figures reflect a sharp intraday drawdown in SKHY as tracked on the derivatives platform.
SKHY falls below $160 in intraday trading
SKHY, the tokenized stock product tied to SK Hynix on Hyperliquid, fell from around $171.61 on July 13 and briefly traded below $160, according to monitoring data cited by BlockBeats from Hyperinsight.
Largest long position turns sharply negative
Hyperinsight said the biggest SKHY bull on the platform is an address starting with 0xd52. The wallet is holding a 3x isolated-margin SKHY long on Hyperliquid with a notional size of about $27.986 million.
As of publication, the position was showing an unrealized loss of about $1.433 million, for a return of roughly -14.6%. The average entry price was listed at $169.9468, while the liquidation price stood at $97.85.
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