ME News report: On September 8 (UTC+8), according to TradingBeats monitoring, as of press time, both whale addresses that collectively bought $17.808 million worth of SKHX yesterday have realized profits. The address starting with 0xc8b5 fully closed its position after adding to its stake; the address starting with 0x519c added to its position again this morning. The 0xc8b5 address purchased SKHX at an average price of $1,310.92 at 12:00 yesterday, establishing an initial position of approximately $13.096 million. It continued to add to its position, accumulating a total of 12,858.87 SKHX by last night, increasing its total holding to about $16.9 million with an average entry price of $1,314.26. At 8:18 today, this address began taking profits in batches and fully closed its position at 10:12, selling at an average price of $1,377.96. From initial entry to full exit—approximately 22 hours—it realized a profit of about $819,100. The other whale, address 0x519c, purchased SKHX yesterday at $1,292.70, accumulating approximately $4.712 million. This morning at 7:00, it added to its position at $1,323.73, investing an additional $1.109 million. Currently, the 0x519c address holds 4,483.04 SKHX long positions with a combined average entry price of $1,298.50, valued at approximately $6.203 million, with an unrealized profit of about $382,000 (+38%). Previous report: SKHX saw two large orders today, with whales collectively taking long positions totaling $17.8 million. Addresses: 0xc8b527864ef2ad6dc49de7e99943a3a76ad48891 0x519c721de735f7c9e6146d167852e60d60496a47 (Source: BlockBeats)
Two SKHX whales realize $1.2M in profits after entering positions yesterday
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Summary
Two SKHX whales engaged in position trading began taking profits after entering positions on September 8. The 0xc8b5 address fully exited, realizing $819,100 in gains, while the 0x519c address added to its position, holding a $620.3 million stake with a $38.2 million unrealized profit. Position sizing was central to the 0x519c strategy, enabling continued market exposure amid price fluctuations.
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