ME News reports that on August 25 (UTC+8), SKHX rebounded in the midday session, rising approximately 4.6% within two hours. Prior to this, the smart money address (0xc8b) had maintained a flat position and placed 100 buy orders between $1,030 and $1,060, planning to deploy around $20.9 million in anticipation of a pullback. After SKHX began to rebound, the address canceled its lower-priced orders and directly purchased 35,600 SKHX tokens after 11:00, with an actual trading volume of approximately $41.646 million at an average price of $1,168.20. As of publication, the address holds a long position of approximately $43.014 million in SKHX with 3x leverage, with an unrealized profit of about $1.368 million and a return rate of 9.9%; the liquidation price is $636.70. Currently, two additional buy orders remain active between $1,162.60 and $1,170, planning to purchase another $2.074 million. Yesterday, the address closed out 26,600 SKHX long positions at an average price of approximately $1,210.90, realizing a profit of about $1.952 million; this round’s position size has increased by approximately 34%. (Source: ODAILY)
SKHX Smart Money Buys $43M Long Position as Holdings Rise 34%
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Summary
Position trading activity surged as SKHX rebounded 4.6% within two hours on August 25 (UTC+8). A smart money address (0xc8b) initially placed 100 buy orders totaling $20.9M in the $1,030–$1,060 range. Following the rebound, the address canceled lower orders and purchased 35,600 SKHX for $41.6M at $1,168.2. With a $43.01M long position at 3x leverage, it holds a 9.9% profit and a liquidation price of $636.7. Two pending buy orders totaling $2.074M are set between $1,162.6 and $1,170. The address previously closed 26,600 SKHX longs at $1,210.9, realizing a $1.952M profit, increasing its total position by 34%. Position sizing appears to be a central focus of the whale’s strategy.
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