A trader turned a $2.26 million loss into a $6.44 million profit by betting on SK Hynix through a Hyperliquid perpetual contract. His $37.3 million position on the SKHX market initially fell into the red before rebounding as SK Hynix shares surged 28.59% on July 31 following record Q2 operating profit. Surging demand for HBM4 memory chips drove the exceptional results. A $57 million liquidation event occurred on the same market days earlier, underscoring the high risks of leveraged bets on SK Hynix earnings.
Source: Read the original article
