ME News reports that, as of July 22 (UTC+8), according to Hyperinsight monitoring, SKHX on Hyperliquid reached a high of $1,353.20 at 9:15 AM, then rapidly declined during midday, hitting a low of $1,253.10 at 1:40 PM—a drop of 7.4% from its peak. As of publication, SKHX is trading at approximately $1,256.80, with most of the morning gains erased. A whale precisely established a short position just before this peak. Between 7:00 AM and 9:10 AM today, the whale executed 491 trades, selling a total of 2,000 SKHX contracts at an average entry price of $1,333.98, with a total traded value of approximately $2.668 million (calculated as px × sz) and fees totaling around $160. As of publication, the whale holds a 2,000-contract SKHX short position with 10x full margin, valued at approximately $2.5138 million, with an unrealized profit of about $154,200—a return of roughly 57.8%. The liquidation price is approximately $4,120.99. No take-profit or stop-loss orders have been set for SKHX. Historical trading data shows this whale operates as a medium- to high-frequency, multi-asset short-term trader. Over the past seven days, its total trading volume reached approximately $116 million, with profits of $510,300. Previously, the whale primarily traded BTC and ETH in the crypto market; this marks its first significant position in SKHX. (Source: ODAILY)
SKHX Drops 7.4% on Hyperliquid as Whale Captures 57.8% Profit
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Summary
Whale activity on Hyperliquid caused SKHX to drop 7.4% to $1,253.1 on July 22. The token reached $1,353.2 at 9:15 AM before sharply declining. A whale shorted 2,000 SKHX at $1,333.98, realizing a 57.8% profit. Whale movements indicated a clear bearish bias, with an unrealized gain of $154,200. No stop-loss or take-profit orders were placed.
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