A wallet tracked by TradingBeats, identified as 0x519c, has started taking profit on its SKHX long after adding nearly $10 million to the position on the previous afternoon. From last night through the latest update, the address sold a combined 3,011.55 units across two rounds, with total executed value of about $4.178 million and realized trading profit of roughly $150,000. The wallet still has 81 regular limit sell orders placed between $1,401.4 and $1,420, representing about $8.106 million in planned sales. At press time, SKHX was quoted near $1,386.4, putting those orders around 1.1% to 2.4% above the current price. The address continues to hold 8,816.2 SKHX long units worth about $12.223 million, with unrealized profit of roughly $430,000. If all pending orders are filled, the wallet would cut another 65.2% of its current position, equal to about 26% of its peak holdings from the previous day. At the same time, the address also held roughly $12.44 million in SPCX, $2.94 million in Micron Technology (MU), $2.59 million in SanDisk (SNDK), and $110,000 in a DRAM index long on Trade.xyz.
BlockBeats reported on Sept. 9 that, according to TradingBeats monitoring, the tracked SKHX bull wallet 0x519c has reduced part of its position in two rounds after adding nearly $10 million in SKHX exposure on the previous afternoon.
From last night to the latest update, the address sold a total of 3,011.55 units. The transactions were worth about $4.178 million and locked in roughly $150,000 in trading profit.
Open sell orders remain above the market
The wallet still has 81 regular limit sell orders placed between $1,401.4 and $1,420, with planned sales totaling about $8.106 million. At press time, SKHX was trading at about $1,386.4. That puts the resting sell orders roughly 1.1% to 2.4% above the current price.
Current holdings on Trade.xyz
The address still holds 8,816.2 long units of SKHX, valued at about $12.223 million, with unrealized profit of around $430,000. If all outstanding orders are filled, the wallet would reduce another 65.2% of its current position, equivalent to about 26% of its peak position from the previous day.
At the same time, the address also held about $12.44 million in SPCX, $2.94 million in Micron Technology (MU), $2.59 million in SanDisk (SNDK), and $110,000 in a DRAM index long on Trade.xyz. Including SKHX, its total long exposure on the platform stood at about $30.30 million. Of that, the combined position in the three memory-related names — Hynix, Micron, and SanDisk — was about $17.75 million.
An earlier update said that two SKHX bulls who entered the trade the previous day had begun taking profit, with combined gains of $1.2 million.
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