Aletheia Capital Raises SK Hynix's Price Target to $3500

June 16 — Aletheia Capital issued a strongly bullish research report on Micron Technology (MU), significantly raising its price target to $1,600 and forecasting that AI memory devices will represent more than 70% of the value of AI hardware systems by 2027. In the report, Aletheia projects Micron’s fiscal 2027 earnings per share (EPS) will surge 8.5 times from current levels, with an additional 1.8-fold expansion in fiscal 2028—adding up to a cumulative 15x increase. The firm also estimates Micron will generate between $350 billion and $400 billion in cumulative free cash flow (FCF) from fiscal 2026 to 2028. On the pricing front, Aletheia’s upward revisions outpace market expectations. The institution now predicts average selling prices (ASPs) for server DRAM will climb 30% in the third quarter of 2026, far above its prior forecast of a 10% to 15% rise, followed by another 10% to 15% increase in the fourth quarter of 2026. For high-bandwidth memory (HBM), Aletheia forecasts its ASP w

June 16. Per Fintel Monitor, a crypto whale that’s been shorting Ethereum (ETH) recently added another 9,000 ETH to its short position immediately after ETH’s price rebound: the whale borrowed 9,000 ETH from Aave, transferred the assets to Binance, and converted them to 16.37 million USDT. The whale’s total short ETH position now amounts to 44,000 ETH, valued at $78.89 million at current market rates, with an average entry price of $1,702. It is currently facing an unrealized loss of $3.08 million.

June 16 — According to Hyperinsight monitoring, HYPE surged above $70, pushing the largest HYPE long position profit on Hyperliquid to $42.7 million. The whale behind this trade went long on 1.38 million HYPE tokens with 5x leverage at an average entry price of $38.67, bringing the total position value to roughly $96.1 million. The position has already generated a 400% return on investment (ROI). As of press time, the same wallet address (0x082e843a431aef031264dc232693dd710aedca8) withdrew a large amount of position margin again today, lifting its liquidation price to $53.39. Notably, following each round of price surges, this address has extracted significant profits as position margin, with cumulative withdrawals exceeding $20 million.

June 16 – Per LookOnChain’s on-chain monitoring, asset manager Bitwise purchased 77,097 HYPE tokens via institutional trading venue FalconX roughly one hour ago, with the transaction totaling approximately $5.18 million.

June 16th — According to HTX market data, HYPE’s price has once again topped $70, currently trading at $69.974 with a 7.1% gain over the past 24 hours.

June 16 — According to monitoring from GMGN, the Chinese meme coin "Lobster" on the Binance Smart Chain (BSC) has been steadily rising this month. Its market cap surpassed $14 million today, hitting a near two-month high. The token recorded a 26% gain in the past 24 hours, with trading volume totaling $1.3 million over that same period. Cumulatively, it has surged 133% so far this month. BlockBeats Note: Meme coins are extremely volatile, driven almost entirely by market sentiment and hype, with no tangible underlying value or practical utility. Investors should fully understand the associated risks before engaging with such assets.