SKHX "Smart Money" Builds $43M 3x Long as Token Jumps 4.6%
AI Market Summary
A tracked "smart money" wallet materially increased exposure to SKHX, switching from layered pullback bids to aggressive spot buying (~$41.6M) as price rebounded ~4.6% intraday. The address now holds an estimated ~$43.0M 3x-levered long with additional buy orders near market, signaling strong near-term risk appetite and adding flow-driven support, while leverage also raises sensitivity to volatility and liquidation dynamics.
Impact level
● Medium
Affected assets
NCSKSKHYP2USD/USDT+1.35%
AI Insight · NCSKSKHYP2USD/USDTAI Insight
▲ Bullish
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Odaily Planet Daily reports that SKHX staged an afternoon rebound, climbing about 4.6% over two hours. Earlier, a "smart money" wallet (0xc8b) had stayed flat and placed 100 limit buy orders in the $1,030–$1,060 range, aiming to deploy roughly $20.9 million on a pullback.
After the price turned higher, the wallet canceled its lower-priced bids and, after 11:00, bought 35,600 SKHX at an average price of $1,168.20, for an executed value of about $41.646 million.
At the time of writing, the address holds an SKHX long worth roughly $43.014 million with 3x leverage, showing unrealized gains of about $1.368 million (9.9%). Its estimated liquidation price is $636.70. The wallet also has two additional buy orders parked between $1,162.60 and $1,170, totaling a planned $2.074 million.
Yesterday, the same address closed 26,600 SKHX longs at an average price of about $1,210.90, booking profit of roughly $1.952 million. The latest position is around 34% larger than the previous round.
