Whale Tracking: Trader 'yixie' suffered losses on his long bet on SK Hynix ADR ahead of its listing, and is currently down $1.8 million.

According to Hyperinsight monitoring, as of press time, SKHX on Hyperliquid trades at around $1,276, down over 13% from the previous trading session. US stock trader "yixie" currently holds a 2x isolated long position in SKHX on Hyperliquid, with a position size of ~$12.855 million, an unrealized loss of roughly $1.801 million, and a position return of -24.6%. The average entry price of the position is $1,461.8, and the liquidation price is approximately $792.8. The trader previously held a large long position in Micron Technology (MU), buying a total of 8,949.192 shares for ~$7.865 million in transaction value, ultimately closing out the entire position for a profit of around $870,000. After locking in gains from the MU long, his funds shifted further to SK Hynix. Data shows "yixie" added heavily to his SKHX position between July 9 and 10, rather than the US ADR contract SKHY; his entry timing, however, came right before the official listing of SK Hynix’s ADR, likely aiming to bet on the ADR’s price performance following its Monday opening. Despite the current unrealized loss on the position, he still has a high-level take-profit plan in place. He has placed a take-profit sell order at $1,598.8, with 5,418.676 shares, a notional value of ~$8.663 million, covering about 54% of his existing position. This order price is roughly 24.7% higher than the current level. Previous whale update: Micron’s earnings report drove SK Hynix’s stock price up 11%, expanding trader "yixie"’s unrealized gains to $1.3 million.