“Giant Whale Tracking” missed out on a long position in SK Hynix ADR’s listing trading, with trader “yixie” temporarily down by $1.8 million

BlockBeats message, July 13—according to Hyperinsight monitoring, as of the time of publication, SKHX on Hyperliquid is trading at about $1,276, down more than 13% from the previous trading day. US stock trader “yixie” currently holds a 2x isolated long position in SKHX on Hyperliquid, with a position size of approximately $12.855 million and an unrealized loss of about $1.801 million. The position return on investment is -24.6%; its average entry price is $1,461.8, and the liquidation price is about $792.8.

This trader previously held a heavy long position in Micron Technology (MU), cumulatively buying 8,949.192 shares, with a total transaction value of about $7.865 million. It ultimately fully closed the position and earned a profit of about $870,000. After taking profits on the MU longs, its funds further shifted to SK Hynix.

Data shows that “yixie” added to SKHX in a concentrated manner from July 9 to 10, instead of using the US stock ADR contract SKHY; however, its position-building timing was closely adjacent to the official listing of SK Hynix’s ADR, suggesting it may be aiming to front-run the price performance after the ADR opens on Monday.

With the current position still sitting on an unrealized loss, it has also set a plan for taking profits at higher levels. Currently, it has a take-profit sell order at $1,598.8 for 5,418.676 shares, with a notional value of about $8.663 million, covering about 54% of the existing position. The price of this order is about 24.7% higher than the current price.

A previous message from a giant whale: Micron’s earnings boosted SK Hynix’s share price by 11%; trader “yixie”’s unrealized profit expanded to $1.3 million