SKHX Whale Ditches Pullback Plan, Buys $43M After Midday Rebound
AI Market Summary
On-chain/flow reporting indicates a "smart money" wallet canceled a large ladder of lower limit buys and instead executed a ~$41.6M market/active purchase after SKHX rebounded, then maintained a 3x leveraged long (~$43.0M notional) and left additional bids near spot. The abrupt shift from pullback-waiting to chasing strength signals improved near-term risk appetite and can tighten available liquidity around current levels.
Impact level
● Medium
Affected assets
NCSKSKHYP2USD/USDT+1.34%
AI Insight · NCSKSKHYP2USD/USDTAI Insight
▲ Bullish
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HuoXing Finance reported that SKHX staged a midday rebound on August 25, climbing about 4.6% in roughly two hours. Earlier in the morning, the "smart money" wallet 0xc8b had stayed on the sidelines, placing 100 limit buy orders between $1,030 and $1,060 and preparing to deploy about $20.9 million on a potential dip.
Once SKHX began turning higher, the whale scrapped those lower-priced bids and instead bought 35,600 SKHX after 11:00 a.m. The purchase was worth about $41.646 million at an average price of $1,168.20.
As of publication, the wallet holds a 3x leveraged long position valued at about $43.014 million, showing unrealized gains of roughly $1.368 million (+9.9%). The liquidation price is $636.70. Two additional buy orders remain active between $1,162.60 and $1,170, targeting another $2.074 million in purchases.
The day before, the same whale closed 26,600 SKHX long positions at an average price of about $1,210.90, locking in approximately $1.952 million in profit. Its current position size is up about 34%.
Earlier coverage: SKHX smart money took profits and planned a $20.9 million bid at lower levels.
