According to Hyperinsight monitoring, during SKHX’s sharp rebound today, the whale wallet starting with 0x890 suffered a liquidation of its short position at 08:02, marking the largest single liquidation on the network to date. Data shows that the wallet was forcibly liquidated on 4,892.6 SKHX short contracts, with trade prices ranging between $1,126 and $1,140, an average liquidation price of approximately $1,133.6, resulting in a total liquidation value of $5.547 million and a position loss of around $866,000. At the time of liquidation, the SKHX mark price had already risen to $1,146.5. The price continued climbing afterward; as of this report, SKHX is trading at $1,152.5, up 23.4% on the day, with a 24-hour trading volume of approximately $1.558 billion and an open interest of about $451 million. However, this whale did not exit the market after the liquidation. Just 17 seconds after its original short position was fully closed, it reopened a short position on SKHX. Currently, this address holds 770 SKHX short contracts with 10x isolated leverage, valued at approximately $887,000, with an average entry price of $1,147.8 and a current unrealized loss of about $3,337. The liquidation price is set at $1,249.99. Compared to the previously liquidated position, the new position size is smaller, but the trading direction remains unchanged.
SKHX surges, triggering $5.54M in liquidations as whale re-shorts
TechFlowShare
Summary
Whale activity on July 31, 2026, saw SKHX rebound sharply, triggering $5.54M in short liquidations. A whale with address 0x890 was liquidated at $1,133.6 as the token reached $1,146.5. Whale activity continued as the same whale re-shorted 17 seconds later, holding $887K in 10x short positions at $1,147.8.
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