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SK Hynix Trader Turns $2.26M Loss Into $6.44M Profit on Earnings Spike

SK Hynix Trader Turns $2.26M Loss Into $6.44M Profit on Earnings Spike

On-chain analytics platform Lookonchain tracked a whale that turned a multi-million-dollar loss into a $6.44 million profit in the days leading up to and following the Korean chipmaker’s earnings.

SK Hynix’s stock had been facing a prolonged and substantial downturn as appetite cooled for AI infrastructure companies. However, an impressive earnings result turned things around quickly.

A Rocky Three-Day Trade Wallet 0xC8b5 opened a 3x leveraged long on 37,229 units of SKHX on July 29. SKHX is a Hyperliquid perpetual contract that tracks SK Hynix’s share price rather than the stock itself.

The $37.3 million position briefly showed a $778,000 gain, per Lookonchain.

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