A whale outpaced the good news of SK Hynix to buy the dip, with a $3.8 million long position now significantly profitable.

BlockBeats News, June 8th, according to Hyperinsight monitoring, following the news of an upcoming long-term partnership between NVIDIA and SK Hynix, a whale on Hyperliquid entered the market at 7:50 am today, going long on SKHYNIX with 2x leverage. At that time, the market had not fully digested the news, and the price of SKHYNIX was still hovering around $1200.

As the positive effect of the partnership continued to unfold, the address kept accumulating during the uptrend, gradually increasing its position to $3.8 million, with the overall average position price rising to $1239. Subsequently, SKHYNIX briefly surged to a high of $1300. At the time of writing, the address's unrealized gains had reached $140,000.

Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b