A whale wallet beginning with 0xc8b has placed 100 sell orders to reduce its SKHX position in a $1,415 to $1,450 take-profit range, according to TradingBeats data cited by BlockBeats on Sept. 9. The orders total 9,663.8 units and cover the address’s full SKHX long exposure. The range sits about 5.5% to 8.1% above the position’s average entry price of $1,341. If all listed limit orders are filled at their set prices, the projected profit would be about $884,100. At the time of the snapshot, the wallet’s SKHX position was valued at about $13.397 million, with an unrealized gain of roughly $437,600. The same address also continued to hold a long position in Micron Technology, or MU, totaling 20,164.7 units at an average price of $1,043.789, with a position value of about $20.3281 million and an unrealized loss of roughly $719,700. Earlier take-profit sell orders for MU in the $1,100 to $1,120 range had been canceled. The two storage-related equity longs were worth about $33.725 million in total, with a combined unrealized loss of around $282,000. No publicly active trigger stop-loss orders were seen for either MU or SKHX at the time of the snapshot.
BlockBeats reported on Sept. 9, citing TradingBeats monitoring, that a whale address beginning with 0xc8b has placed 100 SKHX sell orders in a $1,415 to $1,450 range to reduce its position. The orders total 9,663.8 units and cover the address’s entire SKHX long.
The take-profit range is about 5.5% to 8.1% above the average entry price of $1,341. If all current limit orders are filled at their listed prices, the position would generate about $884,100 in profit. At the time of the snapshot, the address’s SKHX position was worth about $13.397 million, with an unrealized gain of roughly $437,600.
For Micron Technology (MU), the same address still held 20,164.7 units in long positions at an average price of $1,043.789. That holding was valued at about $20.3281 million and showed an unrealized loss of roughly $719,700. Earlier take-profit sell orders set between $1,100 and $1,120 had already been canceled.
The two storage-stock long positions were worth about $33.725 million combined, with a total unrealized loss of around $282,000. At the time of the snapshot, no publicly active trigger stop-loss orders were seen for either MU or SKHX. As of now, the whale has posted a net profit of $10.99 million on SKHX.
Earlier reporting said smart money had returned to storage-related names, building $27.5 million in positions across MU and SKHX.
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