The first purchase was made at a price 55% higher than the current market level; the largest loss holder of SK Hynix has held the losing position for 28 days.

According to Hyperinsight monitoring, the whale address starting with 0x511 is still holding onto its high SK Hynix (SKHX) long positions. The address currently holds 4,034 SKHX longs with 3x full leverage, at an average entry price of $1,622.6, with a position value of roughly $4.942 million and a liquidation price of $923.67. Its unrealized loss stands at $1.6034 million (-73.5%), making it the address with the largest unrealized loss on SKHX. This long position was opened on the early morning of June 26 (Beijing time), and has been held for 28 days. At the time, SKHX was trading around $1,900. The whale’s first entry was 325.5 contracts at an average price of $1,898.5, which is now 55.1% higher than the current price. As the price trended downward, it added to its position four more times at approximately $1,659, $1,678, $1,436, and $1,361, respectively. After its final position increase on July 15, the holding has not been adjusted since. Holding the position has been a constant financial drain: since opening the long, the whale has paid a net funding fee of about $198,200. The current hourly funding rate is around +0.00955%, with longs still paying, leading to an estimated hourly outflow of roughly $472 based on the existing position. Looking at its track record, this is a trader known for patience: all of its previous large trades were long-held US stock-linked longs—Micron for ~45 days, Marvell for ~29 days, and Cerebras for ~39 days, generating a total net profit of around $494,500. That same patience was once its profit source, but it has now dug the whale deeper into a losing position on SK Hynix... Data shows that SK Hynix (SKHX) on Hyperliquid hit a daily high of $1,302.8 before quickly falling to $1,214.3, marking a 6.8% intraday pullback.