Large whale loses $4.3K after betting on Samsung and SK Hynix earnings

HuoXing Finance reports that, according to Hyperinsight monitoring, the address starting with 0x55b remained largely inactive after June 26 until shortly before the earnings reports of South Korea’s two major memory chip manufacturers. On July 29, this address began purchasing SKHX ahead of SK Hynix’s earnings announcement and continued to accumulate positions until after the report was released, adding approximately $832,000 in total. On the same day, it also purchased about $509,000 worth of SMSN ahead of Samsung’s official earnings release. Combined, these two trades represented an additional investment of approximately $1.341 million, clearly positioned ahead of the earnings windows. However, despite modest stock price rebounds following both earnings announcements, the long positions have not yet generated actual profits. As of publication, the address holds approximately $1.247 million in Samsung Electronics long positions with a paper profit of about $60,300, and approximately $970,000 in SK Hynix long positions with a paper loss of about $64,600. Combined, these positions total approximately $2.217 million, resulting in a net paper loss of around $4,300. The earnings-related gains from the Samsung position have largely been offset by losses from the Hynix position. As intraday rebounds faded, the position shifted back from brief profitability into a loss; currently, no visible take-profit or stop-loss orders are visible on either position.