On July 7, on-chain monitoring data from Hyperinsight showed that a whale address starting with 0xebe is holding a 10x leveraged short position in SK Hynix (SKHX) on Hyperliquid. The position is worth about $17.502 million and accounts for roughly 53.8% of the address’s total exposure. After South Korean equities opened sharply lower this morning, the unrealized profit on the short reportedly widened to about $2.887 million, translating to a 137% return and making it the most profitable SKHX address on Hyperliquid by floating PnL.
Data also indicates that from last night to now, the address opened 1,242 short trades on SKHX, adding to the position from $1,621 down to $1,471. In total, it traded 3,455.04 units for about $5.2251 million in notional value, with net short exposure increasing by around 3,449 units. At present, the wallet has only one take-profit order resting at $1,435.40 for 300 units, equal to roughly $430,600 in notional value, covering less than 10% of the overall position.
Whale short on SKHX rises to the top unrealized gain on Hyperliquid
According to BlockBeats on July 7, monitoring data from Hyperinsight shows that a whale address beginning with 0xebe currently holds a 10x leveraged short position in SK Hynix (SKHX) on Hyperliquid. The position is valued at about $17.502 million and represents roughly 53.8% of the wallet’s total exposure. After South Korean stocks opened sharply lower this morning, the position’s unrealized profit expanded to around $2.887 million, good for a 137% return. Hyperinsight said this now ranks as the largest floating profit among SKHX addresses on Hyperliquid.
The address opened 1,242 shorts from last night into today
Data shows that from last night through the present, the same address opened a total of 1,242 short trades on SKHX. It kept adding to the position as price moved from $1,621 down to $1,471. Over that span, the address traded 3,455.04 units with total notional turnover of about $5.2251 million, lifting its net short exposure by roughly 3,449 units.
At the moment, the wallet has only one SKHX take-profit order on the book. That order is placed at $1,435.40 for 300 units, representing about $430,600 in notional value. Based on the current position size, it covers less than one-tenth of the total short exposure.
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