Woofun AI reports that Hyperliquid's SK Hynix (SKHX) token trades at $1672, declining 3.5% in 24 hours, while Samsung Electronics (SMSN) drops 5.8% to $208.7. A whale address (0x9dcf) with a $29.09 million leveraged position incurred a $2.2 million single-day drawdown and $1.77 million unrealized loss after entering at $1820.64 on June 24th.

Despite a June 29th announcement of up to 100 trillion Korean won in chip expansion, market sell-offs persist due to South Korea's exclusion from MSCI Developed Markets and $62 billion in foreign capital outflows. Rising U.S. PCE inflation and leveraged ETF liquidations further pressure assets, with short positions now 1.49 times larger than longs for SKHX.