Dormant Whale Ambushes Samsung and SK Hynix Earnings Reports Twice, Over 2 Million Orders Come Up Empty

TechFlow news, July 30, according to Hyperinsight monitoring, the address starting with 0x55b was largely inactive after June 26, until just before the earnings reports of South Korea's two major storage manufacturers, when it made large moves again.

On July 29, the address began buying SKHX before SK Hynix's earnings call, and continued to add positions until after the earnings report was released, accumulating an increase of approximately $832,000; on the same day, it also bought approximately $509,000 worth of SMSN before Samsung's official earnings report was announced. The two transactions totaled approximately $1.341 million in added positions, both clearly positioned in advance around the earnings window.

However, although the two earnings reports were released and relevant stock prices rebounded somewhat, this long position has still not brought actual profits.

As of press time, the address holds approximately $1.247 million in Samsung Electronics long positions, with an unrealized profit of approximately $60,300; at the same time, it holds approximately $970,000 in SK Hynix long positions, with an unrealized loss of approximately $64,600. The two positions total approximately $2.217 million, with a net unrealized loss of approximately $4,300.

The earnings profit from the Samsung position has basically been offset by the Hynix loss. As the intraday rebound fell back, the address has also turned from a brief profit back to a loss; currently, there are no visible take-profit or stop-loss orders for either position.