Woofun AI reports that a wallet address initiated a long position in SK Hynix (SKHX) during the weekend U.S. market closure, deploying approximately $2.72 million in collateral with 3x leverage to acquire 5,095 shares. The position value reached roughly $7.8 million, but the trader now faces an unrealized loss of about $370,000 (-13%) due to South Korean stock market declines, making it the largest long position on Hyperliquid.

Additionally, the same entity opened a long position in Micron (MU) using approximately $2.12 million in collateral and 4x leverage for 5,095 shares. This position is valued at around $8.27 million, carrying an unrealized loss of approximately $297,000 (-11%).