Whale Takes Leveraged Long Position on SKHYNIX on Hyperliquid After Nvidia Partnership Report

A whale entered a leveraged long position on SKHYNIX on Hyperliquid after reports emerged that Nvidia and SK Hynix were close to reaching a multi-year partnership. According to BlockBeats On-chain Detection, Hyperinsight monitoring showed the whale opened the trade at 7:50 today using 2x leverage, when the market had not fully priced in the news and SKHYNIX was trading around $1,200. As the positive sentiment around the reported cooperation continued to build, the address repeatedly added to the position during the rise, expanding the position size to $3.8 million and lifting the average entry price to $1,239. SKHYNIX later climbed to a peak of $1,300. As of publication, the address showed an unrealized profit of $140,000. The wallet address involved was 0xa65ce1d604fa901c13aa29f2126a57d9032e412b.