On-chain data from TradingBeats (formerly Hyperinsight) shows that a whale address starting with 0x1829 had compiled a 95% win rate across 20 storage-sector trades before a single losing position in SKHX wiped out all accumulated gains. The whale chased SKHX at an average price of around $1,909 on June 22, when the storage sector hit a new high, then added positions between $1,685 and $1,775 the next day. In total, it accumulated 558.75 units for roughly $1.012 million, lowering its average cost to $1,810.43. It held through the subsequent decline and, on July 29 at 12:00, submitted a "reduce-only" market order that closed the entire position at $902.6, near the $879.4 low that followed an hour later. The round produced a net loss of about $557,000, with a recorded loss of roughly $507,300. Since then, SKHX has rebounded about 33% from the low to $1,169.4, up 29.6% from the whale's sell price. Early on August 14 it reached $1,216.5; had the whale held, the loss would have been about $175,400 smaller. The address has not bought back and has not resumed trading.
TradingBeats (formerly Hyperinsight) monitors on-chain activity. On August 14, the platform flagged a whale address starting with 0x1829 that had compiled a 95% win rate across 20 storage-sector trades. Its single losing position, in SKHX, wiped out all prior profits.
Entry: buying the top on June 22
The storage sector printed a fresh high on June 22. The whale bought SKHX at an average price of around $1,909, near the top. A sharp drop the next day prompted additional purchases between $1,685 and $1,775.
After those two rounds of buying, the address held 558.75 units of SKHX. Total invested capital came to about $1.012 million, and the blended average entry price worked out to $1,810.43. From there, SKHX kept sliding. The whale made no further adjustments to the position.
Exit: closing everything at $902.6
On July 29 at 12:00, the whale submitted a "reduce-only" market order and exited the entire position at $902.6, described as a valley. That price was not far from the $879.4 low printed about an hour later.
The round produced a net loss of roughly $557,000; the recorded loss was about $507,300. From the $1,909 chase to the $902 sell, the position was cut nearly in half.
Missed rebound
The exit marked the start of the rebound. SKHX now trades at $1,169.4, up 29.6% from the whale's average sell price and roughly 33% above the $879.4 low. Early on August 14, it climbed to $1,216.5.
Had the whale held, the loss would have been about $175,400 smaller. The address has not bought back SKHX and has not returned to trading.
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