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A giant whale reversed all its profits from Korean stocks’ Hynix within two hours, then spent $20 million to go long on Nvidia.

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Golden Finance reported that on July 11, according to on-chain analyst Yu Jin, a giant whale earned $770k on Korean stocks’ Hynix in the early hours today, then turned around and gave it all back on US stocks’ Hynix. Didn’t he open a long on Korean stocks’ Hynix at the average price of $1,411 on the 8th, for a value of $30 million—so it was probably a bet that after he bought on US stocks, he would pull the market. After US stocks’ Hynix opened last night, he closed his Korean stocks’ Hynix position at $1,465, earning $770k.
However, he immediately went on to aggressively buy more US stocks’ Hynix worth $26 million at a price of $174.6. As a result, US stocks’ Hynix didn’t continue to rise; after holding for 2 hours, he cut his loss at $169.7, just enough to吐 back all the gains from his Korean stocks’ Hynix.
Now, he has gone off to open longs again worth $20 million in Nvidia.
NVDA4.06%
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