Whales lay in wait on the eve of Samsung and Hynix' financial reports; a trade worth over $2 million resulted in no profit.
2026-07-30 10:50:15
According to CoinMeta, addresses starting with 0x55b have been relatively quiet since June 26th until just before the financial reports of two major South Korean storage manufacturers. On July 29th, this address began buying SKHX before the financial report announcement of SK (Hynix), and continued to increase its holdings until after the report was released, accumulating a total increase of about $832,000. On the same day, it also bought about $509,000 worth of SMSN before the official financial report of Samsung was published. The two transactions added up to a total of about $1.341 million in holdings, clearly indicating that the purchases were made in anticipation of the financial report periods. However, although the stock prices related to these companies rebounded after the reports were released, these long positions did not result in any actual profits. As of the time of writing, this address holds about $1.247 million in long positions in Samsung Electronics, with a floating profit of about $60,300, and also holds about $970,000 in long positions in SK (Hynix), with a floating loss of about $64,600. The total value of these two positions is about $2.217 million, resulting in a net floating loss of about $4,300. The profit from Samsung's financial report has basically been offset by the losses from Hynix.
Bullish 0
Bearish 0
Source:Internet
This content is for market information only and does not constitute investment advice.