SKHX Long Position Faces $1.07M Loss After Flash Crash

A $24.67M 4x long on 23,300 SKHX suffers $1.07M unrealized loss following a flash crash, making the address the second-largest holder on Hyperliquid.

Woofun AI reports that an address initiated a 4x long position on 23,300 SKHX at 14:38 today, with a total value of $24.67 million and an entry price of $1,106.8. The position has accumulated a floating loss exceeding $1 million.

Following a flash crash earlier this morning, most leading positions were liquidated or subjected to auto-deleveraging. Consequently, this address has emerged as the second-largest holder of SKHX positions on Hyperliquid.