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Trader yixie10 trims SKHX after sharp drawdown, returning position near breakeven

Trader yixie10 trims SKHX after sharp drawdown, returning position near breakeven

On-chain analyst Ai Yi said the trader, previously known for more than $6.5 million in AI-sector gains, canceled an earlier TWAP exit, later sold 1,572.55 SKHX for a $27,000 profit, and still holds SKHX, MU and SNDK positions.

Fact Check
The claim's core elements are directly confirmed by the primary source, on-chain analyst Ai姨 (@ai_9684xtpa), and corroborated by Odaily and BlockBeats. The body's specific attributes — a trader who previously made >$6.5M from AI-sector bets, canceled a TWAP sell, and now sits on a larger floating loss in Hynix ADR — match the yixie10 post exactly ($6.5M prior profit, canceled TWAP mid-execution, $1.914M unrealized loss on SKHX ADR). The headline's '$1.8 million paper loss' corresponds to a parallel same-day post about the MU+SKHX 2x longs of a whale that previously profited $5.293M. The claim conflates two related figures (headline $1.8M vs body $6.5M/larger loss), but each stated fact is individually accurate and sourced. This minor blending is why probability is not higher.
Summary

Trader yixie10, described by on-chain analyst Ai Yi as “smart money,” saw a Hynix-linked SKHX position swing from a planned profit to a large paper loss before partially recovering. Odaily reported the trader had planned to take profit before Hynix ADR officially began trading, with an expected $320,000 gain, but canceled a TWAP sell midway, leaving a 10,000-token position worth about $13.19 million that later showed a floating loss of $1.914 million. PANews later reported that the position’s unrealized loss had at one point widened to $3.75 million before the trade returned to breakeven on July 15, when yixie10 sold 1,572.55 SKHX for a $27,000 profit. The trader still held 8,282 SKHX, along with $9.98 million of MU and $3.34 million of SNDK, while total unrealized portfolio losses stood at about $90,000.

Terms & Concepts
  • TWAP order: A time-weighted average price order designed to execute gradually over a set period.
  • floating loss: An unrealized loss on an open position based on current market prices.
  • unrealized losses: Paper losses on positions that have not yet been sold.