DRAM Index Drops About 6% as Hyperliquid Whale Long Faces Tight Liquidation Range

The DRAM index, a gauge of spot memory prices, pulled back from elevated levels amid spillover effects from South Korean memory sell-offs, falling about 6% over four hours to $70.68 on June 29. According to BlockBeats On-chain Detection, monitoring data from Hyperinsight showed the decline. On the Hyperliquid platform, a whale address labeled 0x7b5 opened a leveraged long position earlier this month and continued rolling the position while adding exposure. The trader used 20x leverage, pushing the liquidation price above the average entry price, with the liquidation line at $68—about 3.8% below the current level—while the position size reached $5.2 million. Among large-position holders on the platform, the average on-chain long entry price was about $70.12, while the average short entry price was about $68.35. Shorts held a notional size about 2.35 times that of longs, indicating an overall bearish tilt. The largest short position was held by address 0x4e23, described as a leading short seller across the storage sector. The address simultaneously shorted Micron, SanDisk, and Western Digital, and held a $14.29 million DRAM short position using 6x leverage. The position was opened on June 24 at an average price of $77.73, with unrealized profit reported at $1.47 million.