Whale Alert: A on-chain whale, who previously went long with over $3 million worth of XYZ:DRAM, has placed a take-profit limit order around $76-77.

BlockBeats News, June 23, according to Hyperinsight Monitoring, a whale address on Hyperliquid (0x540...f802) previously held a long position of 45,838 tokens (worth around $3 million) of xyz:DRAM, with an average entry price of $60. The unrealized gain once exceeded $1 million and is now narrowed down to $500,000, with a liquidation price of $47.5. The recent peak price of DRAM hit $81, and the address is executing a TWAP sell-off at $76-$77, planning to realize profits in a staggered and smooth manner.

xyz:DRAM is a synthetic token pegged to the spot market price of DRAM (memory chips), reflecting the spot supply and demand of the entire memory chip industry. The price trend of memory chips is highly positively correlated with the stock prices of Micron, Samsung, and SK Hynix.

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