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A whale opened a long position of $22.8 million on SK Hynix, possibly betting that its US ADR will continue to rise after tonight's opening.
BlockBeats news, July 10, according to on-chain analyst Yu Jin's monitoring, half an hour ago, the whale "AllegraSeam" transferred 20.32 million USDC into Hyperliquid and opened a long position on SKHX (SK Hynix) worth about $22.8 million at a price of $1,480.
Earlier, another whale also opened a long position on SKHX worth about $30 million at a price of $1,411 the day before. The market may be betting that SK Hynix's US-listed ADR will continue to rise after tonight's opening.
SK Hynix's US-listed ADR is priced at $149, corresponding to a Korean stock price of around $1,490, and the current SKHX price is also near that level.