Hyperliquid Whale Reopens SKHX Buy Orders After $1.027 Million Loss

A whale on Hyperliquid liquidated its SKHX long position last night, taking a loss of about $1.027 million, and placed new buy orders this morning after the price fell further. According to Odaily, at 02:11, the address split 100 ordinary limit buy orders in the $1,130 to $1,160 range, with 250 SKHX in each order, planning to repurchase 25,000 SKHX worth about $28.625 million, roughly 30.3% more than the position it just closed. SKHX was trading at about $1,266 at the time, meaning it would need to fall another 8.4% to 10.7% to reach the whale's re-entry range.