SK Hynix Sets Nasdaq Listing for July 10 as SKHX Rallies on Expectations

SK Hynix has announced it plans to list in the United States on July 10, targeting the Nasdaq, after previously disclosing a fundraising plan exceeding $29 billion. According to BlockBeats On-chain Detection, Hyperinsight monitoring showed the company formally released its U.S. listing timetable on June 25. Market expectations tied to the listing helped lift SKHX by 14% intraday to $1,930. Trading volume reached $407 million, while open interest stood at $237 million. Since the initial disclosure of the listing-related news last afternoon, 10 whale accounts on Hyperliquid opened positions in SKHX. Nine of them established long positions with a combined size of about $21.27 million, with an average entry price of about $1,797.8 and an unweighted average liquidation price of about $1,390.6. As prices strengthened, all nine long positions were showing unrealized gains. Data also indicated that holders of large positions at the million-dollar level collectively accounted for about $140 million in exposure, with a long-to-short ratio of roughly 0.715. The overall average entry price for longs was about $1,672, compared with about $1,640 for shorts. The nearest short liquidation level was at $2,149, around $200 above the current price, suggesting rising pressure on short positions.