SK Hynix experienced sharp price swings that trapped three newly entered whales, with the latest buyer chasing the rally only $60 away from liquidation.

According to Hyperinsight monitoring, SK Hynix (SKHX) on Hyperliquid saw sharp volatility after opening this morning. The token opened at $1168.1, surged to a high of $1270.1 within half an hour, marking an ~8.7% gain, before quickly pulling back. At 9:55 a.m., it hit a low of $1185.3, down ~6.7% from its peak. During this swing, three whales sequentially opened long positions on SKHX, holding a total of 11,620.674 contracts worth roughly $14.036 million. Based on SK Hynix’s current quoted price of $1198, all three long positions are now underwater: - Whale starting with 0xf4b: New long position with 10x leverage, holding ~$2.715 million, average entry price of $1210.6, unrealized loss of ~$9,000, liquidation price of $1130.4. - Whale starting with 0x564: New long position with 10x leverage, holding ~$4.918 million, average entry price of $1238.9, unrealized loss of ~$125,000, liquidation price of $851.5. - Whale starting with 0x2ab: Converted from a short position to long and continued adding to longs, with 10x leverage, holding ~$6.403 million, average entry price of $1212.8, unrealized loss of ~$25,000, liquidation price of $650.3. Notably, the 0xf4b whale is closest to liquidation. When SKHX dipped to $1185.3 intraday, the gap between its entry price and liquidation price narrowed to just ~$54.9; as the price rebounded to $1298, the gap has since widened to ~$68.