Three Whales Liquidated on Hyperliquid SKHX as Price Swings 8.7%, Nearest Position Just $60 From Liquidation

SKHY-1.72%
According to BlockBeats, Hyperliquid's SKHX (SK Hynix) experienced sharp volatility on July 20, opening at $1,168.1 and surging to $1,270.1 within 30 minutes before collapsing to $1,185.3 by 9:55 AM—a 6.7% decline from peak. Three whales established long positions totaling 11,620.674 contracts worth approximately $14.036 million, all now in loss. The most vulnerable position, held by wallet 0xf4b with a 10x leveraged long worth $2.715 million at average entry $1,210.6, faces liquidation at $1,130.4, leaving only a $54.9 cushion when SKHX dipped to $1,185.3. As price recovered to $1,298, this margin expanded to $68.
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