Hyperliquid SKHX Falls 6.3%, Short Whale Floats $4.56M Unrealized Gain

According to Hyperinsight, on July 27 (Beijing time), SKHX on Hyperliquid fell to $1,181.9, a 6.30% decline from the day's high of $1,250.6. A whale holding 33,700 SKHX short contracts at 10x leverage—with an average entry price of $1,317.1—now has unrealized gains of $4.56 million, representing a 102.65% return on the position worth approximately $39.9 million.

Combining unrealized gains of $4.56 million, previously realized profits of $2.997 million, and accumulated funding fee income of $1.267 million, the whale's total gross profit from this SKHX short has reached approximately $8.83 million—nearly double the initial margin required.