Whale Wallet 0x9dcf Accumulates $30.8M SKHX Position on Hyperliquid, Sets Stop-Profit Targets at 29%-31% Gain

According to BlockBeats citing Hyperinsight monitoring, on July 9, whale wallet 0x9dcf re-entered with a 2x leveraged SKHX long position on Hyperliquid, holding 21,206 contracts worth approximately $30.805M at an average entry price of $1,410.93. The position is currently at $1,452.55, generating an unrealized gain of $884K or 5.9%.

The whale has placed 20 reduce-only sell orders in the range of $1,880–$1,900, covering approximately 66.4% of the position. This stop-profit level requires the asset price to rise 29.4% to 30.8% from current levels. The accumulation occurred overnight as SK Hynix ADR prepares to list on Nasdaq on July 10.