A dormant crypto whale placed two consecutive pre-earnings long trades on Samsung and SK Hynix, losing over 2 million with no returns from either.

According to Hyperinsight monitoring, the address starting with 0x55b remained largely inactive after June 26, until it resumed large-scale trading just ahead of earnings reports from two major South Korean storage manufacturers. On July 29, the address began buying SKHX ahead of SK Hynix’s earnings release and continued adding to its position until after the report was published, for a total increase of roughly $832,000. The same day, it purchased approximately $509,000 worth of SMSN ahead of Samsung’s official earnings announcement. The two positions combined for a total increase of around $1.341 million, both clearly positioned ahead of the earnings window. However, despite a post-earnings rebound in the relevant stocks, these long positions have yet to generate actual profits. As of press time, the address holds approximately $1.247 million in Samsung Electronics long positions, with an unrealized gain of about $60,300; it also holds roughly $970,000 in SK Hynix long positions, with an unrealized loss of around $64,600. The combined value of the two positions is approximately $2.217 million, with a net unrealized loss of roughly $4,300. The earnings-related gains from Samsung’s position have been almost entirely offset by losses from SK Hynix. As intraday rebounds pulled back, the address flipped from temporary profit back to a loss; currently, there are no visible take-profit or stop-loss orders for either position.