Memory Chip Stocks Plummet for Consecutive Days as Semiconductor Whale's 4 Million Position Nears Liquidation

BlockBeats News, July 17th, according to Hyperinsight Monitoring, a whale with the address starting with 0x0c349 currently holds only two 10x leveraged long positions in SK Hynix (SKHX) and Micron Technology (MU). Following this week's continuous plummet in the storage sector, both positions are nearing the liquidation price, with a cumulative loss of approximately $1.461 million on these two long positions. The details of the long positions are as follows:

SK Hynix SKHX (10x leverage): Current price around $1,166.1, only about 5.9% away from the liquidation price (liquidation price around $1,097);

Micron Technology MU (10x leverage): Current price around $824.1, only about 5.1% away from the liquidation price (liquidation price around $782).

The combined current value of the two long positions is approximately $4.042 million. Faced with the approaching liquidation, the whale liquidated both positions this morning to stop the loss simultaneously, realizing a total loss of about $162,000; considering the realized part, the cumulative loss is around $1.461 million, marking the most recent large-scale liquidation on Hyperliquid.

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