MRVL was officially included in the S&P 500 today. This development has led to on-chain whales accumulating positions in the pre-market session.

BlockBeats News, June 22, according to Hyperinsight Monitoring, as of the time of writing, the 24-hour trading volume of MRVL on Hyperliquid is approximately $35.77 million. On the news front, Marvell Technology was officially included in the S&P 500 today, with the related adjustments taking effect before the market open on June 22; previously, this positive development had led to pre-market trading of MRVL, and the market has begun to focus on the benefits of inclusion in the index.

On Hyperliquid, the whale address 0x519c opened a new 5x long position on MRVL today, with a position value of approximately $7.54 million, an average entry price of $313.75, and the current mark price around $314.85. The current long-short ratio of MRVL is balanced, with long positions worth about $21.96 million and short positions worth about $21.44 million.

Furthermore, Marvell Technology was recently reported to be in discussions with TSMC about adopting the advanced A14 process, with this news, along with the S&P 500 inclusion, jointly driving the short-term trading catalyst for MRVL.

Address: 0x519c721de735f7c9e6146d167852e60d60496a47

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