The first buyer, who purchased 55% above the current price, has been holding the HODLer title for 28 days as the biggest loser of Micron.

BlockBeats News, July 24th, according to Hyperinsight monitoring, the whale with address starting with 0x511 continues to hold its ground at a high position in SK Hynix. It currently holds a 3x leveraged 4034 SKHX long position with an average entry price of $1622.6, with a position value of approximately $4.942 million, a liquidation price of $923.67, and an unrealized loss of $1.6034 million (-73.5%); it is currently the largest underwater address for SKHX.

This long position began in the early morning of June 26th (UTC+8) and has lasted for 28 days. At that time, SKHX was still around $1900. The first purchase was made at an average price of $1898.5 for 325.5 SKHX, which is now 55.1% higher than the current price. During the subsequent decline, additional purchases were made at around $1659, $1678, $1436, and $1361, with the last top-up on July 15th, and the position has not changed since.

The act of holding the position itself is a continuous investment: since the opening of this long position, it has paid a net funding fee of approximately $198,200. The current hourly funding rate is about +0.00955%, still in favor of longs. Based on the current position, the estimated hourly expenditure is about $472.

In the long run, this is a trader known for their patience: their previous large transactions were all long-term holdings of US stock proxies—Micron for about 45 days, Marvell for about 29 days, Cerebras for about 39 days, with a total net profit of approximately $494,500. The same patience that was once the source of their profits has now led them deeper into the red with Hynix...

Data shows that on Hyperliquid, the stock of the South Korean company SK Hynix (SKHX) today peaked at $1302.8, then quickly dipped to $1214.3, experiencing an intraday pullback of 6.8%.