Crypto
Hyperliquid Whales Bet Big on SK Hynix Price Decline
Four major whale wallets on Hyperliquid have shifted their stance on SK Hynix (SKHX) from net long to net short, taking a combined $14.77 million short position over the weekend.
The whales, identified as 0x84ab, 0x269e, 0x2f9b, and 0x4c78, built their concentrated selling positions as SKHX rose 1.1% to $1,214.6 from $1,200.9 over the weekend.
The whales' average entry price for their short positions is around $1,174.5, with about $487,000 in unrealized losses suggesting they made the move ahead of a potential price decline.