A major trader on Hyperliquid closed all long positions in SK Hynix and Micron amid a steep overnight pullback in AI and semiconductor-related assets, after SKHX (SK Hynix) briefly fell below $1,500.
According to BlockBeats On-chain Detection, monitoring data from Hyperinsight showed the largest SKHX long holder, identified as address 0x9dc, exited both MU and SKHX longs during the broad decline. The trader recorded a realized loss of $4.42 million on a single SKHX position and was reported as the address with the largest 24-hour drawdown in Hyperliquid’s U.S. stock trading.
The address was said to have entered a SK Hynix long at elevated levels about a week earlier, with an average entry price of $1,803 and a position size of $35.16 million.
After closing the positions today, the account’s $17.8 million in funds shifted entirely into a defensive stance with no open positions, and no subsequent trading activity has been observed so far. The address has accumulated losses of $6 million over the past seven days, but remains described as a key position holder in the semiconductor segment.
Hyperliquid Trader Closes SK Hynix and Micron Long Positions After Sharp AI and Semiconductor Pullback
2026-07-02 02:34:50
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