Whale’s SKHX short becomes the top unrealized-gain position on Hyperliquid
BlockBeats reported on July 7 that, according to monitoring by Hyperinsight, a whale address beginning with 0xebe is currently holding a 10x leveraged short in SK Hynix (SKHX). The position is valued at about $17.502 million, representing roughly 53.8% of the wallet’s total exposure. After South Korean stocks opened sharply lower this morning, the unrealized profit on the short expanded to about $2.887 million, bringing the return to 137%. Hyperinsight said this has made the address the most profitable SKHX holder by unrealized gains on Hyperliquid at the time of the update.
1,242 short entries were opened from last night into today
The data shows that from last night through the latest update, the address opened as many as 1,242 short trades on SKHX. The whale reportedly kept adding to the short from $1,621 down to $1,471. Cumulative executed volume reached 3,455.04 units, worth approximately $5.2251 million in total turnover, while net short exposure increased by about 3,449 units. The trading pattern suggests repeated additions as price moved lower rather than a single-entry position build.
At present, the address has only one take-profit order resting on SKHX, set at $1,435.40 for 300 units. The order carries a notional value of about $430,600 and covers less than one-tenth of the total position. The original report also noted that HyperInsight Bot has gone live and can be added to Telegram groups as an administrator to automatically sync on-chain information.