SKHX rebounded around 4.6% over two hours at midday, prompting a smart-money wallet identified as 0xc8b to shift from waiting on a pullback to buying into strength. Before the move, the address had no open position and had placed 100 buy orders between $1,030 and $1,060, with roughly $20.9 million set aside for a lower entry.
After SKHX started to recover, the wallet canceled those lower bids and bought 35,600 SKHX after 11:00, spending about $41.646 million at an average execution price of roughly $1,168.2. As of publication, the address was holding a fully loaded 3x leveraged long worth about $43.014 million, showing an unrealized profit of around $1.368 million, a return of 9.9%, and a liquidation price of $636.7.
The trader has also kept two add-on orders between $1,162.6 and $1,170, with another $2.074 million planned for deployment. Odaily noted that the same address only closed a previous SKHX long yesterday, selling 26,600 tokens at an average price of about $1,210.9 for a profit of roughly $1.952 million. The size of the current position is about 34% larger than that earlier trade.
SKHX rebounded about 4.6% over two hours at midday, according to Odaily.
Before the move, a smart-money address labeled 0xc8b had no open position. It had placed 100 buy orders between $1,030 and $1,060, planning to deploy about $20.9 million on a pullback.
Once SKHX began to recover, the wallet canceled those lower orders and bought 35,600 SKHX after 11:00. The actual filled value was about $41.646 million, with an average execution price of roughly $1,168.2.
As of publication, the address was fully loaded in a 3x leveraged SKHX long worth about $43.014 million. The position was showing an unrealized profit of about $1.368 million, a return of 9.9%, and a liquidation price of $636.7.
The wallet still has two add-on orders resting between $1,162.6 and $1,170, with another $2.074 million set aside for potential purchases.
Odaily added that the same address only closed a previous SKHX long yesterday, exiting 26,600 SKHX at an average price of about $1,210.9. That trade generated a profit of roughly $1.952 million. The current round of positioning is about 34% larger in token size.
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