SKHX Plunges 7.4% on Hyperliquid Today; Whale Posted 57.8% Gain on Short Position

According to Hyperinsight data, SKHX on Hyperliquid plunged 7.4% on July 22, dropping from an intraday high of 1353.2 dollars to a low of 1253.1 dollars by 1:40 p.m. local time.

A whale trader executed a short position at the peak, selling 2000 SKHX contracts between 7:00 and 9:00 a.m. at an average entry price of 1333.98 dollars (approximately 2.68 million dollars). At the time of reporting, the position posted unrealized gains of 154,200 dollars, representing a 57.8% return on capital with a 10x leverage, according to Hyperinsight.