Memory/storage chip shares plunge for multiple days in a row, as a semiconductor “whale” with 4 million positions is nearing liquidation

BlockBeats message, July 17, according to Hyperinsight monitoring, the “whale” starting with 0x0c349 currently holds only two 10x isolated-long positions: SK Hynix (SKHX) and Micron Technology (MU). Amid this week’s cascading crash in the storage sector, both positions have moved close to their liquidation levels. Its cumulative loss on these two long positions has reached approximately $1.461M. The long positions are as follows:

SK Hynix SKHX (10x isolated long): current price is about $1,166.1, only about 5.9% away from the liquidation price (liquidation price about $1,097);

Micron Technology MU (10x isolated long): current price is about $824.1, only about 5.1% away from the liquidation price (liquidation price about $782).

The combined current value of the two long positions is about $4.042M. Facing the approaching liquidation levels, the whale cut positions simultaneously on both sides and stopped the losses early this morning, realizing a total loss of about $162k. After including the realized portion, the cumulative loss is about $1.461M, marking the most recent large liquidation level on Hyperliquid.

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