Woofun AI reports that Marvell Technology was officially added to the S&P 500, with index adjustments effective prior to the market open on June 22. This institutional recognition prompted significant on-chain activity during the pre-market session, particularly among large wallet holders.

Concurrently, Marvell Technology is reportedly engaging in discussions with TSMC regarding the adoption of the advanced A14 manufacturing process, creating a dual catalyst for short-term trading momentum.

On Hyperliquid, MRVL trading volume reached approximately $35.77 million over the past 24 hours.

Notably, whale address 0x519c initiated a new 5x long position valued at roughly $7.54 million, entering at an average price of $313.75 against a current mark price of $314.85. Market sentiment remains balanced, with long positions totaling $21.96 million and short positions standing at $21.44 million.