A whale opens a $22.8 million long position in SK Hynix, betting that its ADR will continue to rise after tonight's opening.

BlockBeats News, July 10th, according to on-chain analyst Embermonitor, half an hour ago, the whale "AllegraSeam" transferred 20.32 million USDC to Hyperliquid and opened a long position worth approximately $22.8 million in SKHX (SK Hynix) at a price of $1480.

Previously, another whale opened a long position worth approximately $30 million in SKHX at a price of $1411. The market may be betting that SK Hynix's American depositary receipt (ADR) will continue to rise after the U.S. market opens tonight.

SK Hynix's ADR is priced at $149, corresponding to a Korean stock price of approximately $1490, and currently, the SKHX price is also around that level.