According to Lookonchain, the whale address 0xC8b5 reopened a 3x long position of 37,229 SKHX after incurring losses exceeding $1 million on three separate trades, with a current position value of approximately $37.3 million and an unrealized profit of about $778,000. Two days ago, this address opened a 3x long position of 24,827 MU for $21.87 million, closed it after incurring losses exceeding $1.1 million.
Whale address 0xC8b5 incurs three losses, re-enters a 3x long position in SKHX
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Summary
On-chain data shows that whale address 0xC8b5 has opened a new 3x long position of 37,229 SKHX, worth $37.3 million, with a floating profit of $778,000. This same address previously incurred losses exceeding $1 million across three trades, including a $21.87 million 3x long position in MU that resulted in an $1.1 million loss. The latest move follows increased on-chain attention toward newly listed tokens.
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