Is the giant whale planning to bottom-fish SKHX? The multi-million-dollar orders are already laid out—just waiting for the market to drop so they can pick up the shares
According to on-chain monitoring, a giant whale is positioning ahead of SKHX.
This address transferred 1.448 million USDC to Hyperliquid this morning as margin. Then, it placed bullish buy orders totaling roughly $10 million within the $991.22 to $1,016.6 range.
In simple terms, this large-money player isn’t rushing to chase the price. Instead, they’ve prepared the funds, set target prices in advance, and plan to enter in batches if SKHX continues to fall.
This is like putting a “catch net” at the market’s bottom ahead of time—the more the price drops, the better the chance to grab cheaper chips.
However, a whale’s setup doesn’t guarantee a rise. Going forward, market sentiment, fund flows, and SKHX’s price action will ultimately determine the outcome of this trade.
According to on-chain monitoring, a giant whale is positioning ahead of SKHX.
This address transferred 1.448 million USDC to Hyperliquid this morning as margin. Then, it placed bullish buy orders totaling roughly $10 million within the $991.22 to $1,016.6 range.
In simple terms, this large-money player isn’t rushing to chase the price. Instead, they’ve prepared the funds, set target prices in advance, and plan to enter in batches if SKHX continues to fall.
This is like putting a “catch net” at the market’s bottom ahead of time—the more the price drops, the better the chance to grab cheaper chips.
However, a whale’s setup doesn’t guarantee a rise. Going forward, market sentiment, fund flows, and SKHX’s price action will ultimately determine the outcome of this trade.