A whale address beginning with 0x8af was caught on the wrong side of a sharp move in SK Hynix-related token SKHX, according to monitoring data from Hyperinsight cited by BlockBeats on July 16. The address reportedly chased the rebound around midday the previous day as SKHX climbed back to roughly $1,440, opening long positions in rapid succession.
The whale accumulated 301 long orders in a short span, filling 6,008 contracts at around $1,440.00. The total position size reached about $8.6516 million, with an average entry of roughly $1,439.91. Hyperinsight said the trader entered at the top tier of the latest rebound.
The market then turned lower. By publication time, SKHX was quoted at about $1,237, around 14% below the whale’s cost basis. Looking only at the SKHX long exposure, the address was still holding the position on 10x isolated full-position leverage, with notional value reduced to about $7.453 million. The unrealized loss stood at roughly $1.199 million, while the reported return rate was about -138.6%.
BlockBeats reported on July 16, citing Hyperinsight monitoring, that a whale address beginning with 0x8af chased the rebound in SK Hynix-related token SKHX around midday the previous day as the price rose to near $1,440.
In a short period, the address opened 301 long orders and filled 6,008 contracts at around $1,440.00. The total position size was about $8.6516 million, with an average entry price of roughly $1,439.91. According to the monitoring data, the trader entered at the highest level of this rebound.
SKHX then reversed and fell sharply. As of publication, the token was trading at about $1,237, or roughly 14% below the whale’s cost line.
Looking only at the SKHX long position, the address was still holding with 10x full-position leverage. Its notional size had shrunk to about $7.453 million, with an unrealized loss of around $1.199 million and a return rate of about -138.6%.
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