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Monitored by Woofun AI, a specific whale address initiated a long position on SK Hynix ADRs less than one minute after the announcement of a $29 billion Nasdaq financing plan. The trader, identified as 0xe1d, entered at $1686 and expanded the position to 1,324.9 contracts with 10x leverage, totaling approximately $2.28 million in notional value.
While this aggressive move contributed to $360 million in 24-hour trading volume on Hyperliquid, broader on-chain data indicates a bearish bias. Short positions currently total $79.07 million, nearly double the $40.99 million in long holdings, suggesting the individual whale's action contrasts with the prevailing market sentiment.