SKHY (SKHY)

The rally is quite aggressive, a deep V. SK Hynix surged 8%, the whole market follows Korea's tone. KORU's bottom rose 20%, about to turn green. A huge bullish candle, a massive influx of buyers. $SKHY $KORU

📊 Hyperliqudi Smart Tracking Report (Last 4h) Main direction: 🟢 Long (73% of whales) • Total Long Volume: $13.4M • Avg Long Volume: $112K Top Pairs: 🟢 Long $SKHY • Total Volume: $2.2M (19 whales) • Avg Volume: $118K • Avg Leverage: 4.1x • Avg Entry: $153.8 🔴 Short $XYZ100 • Total Volume: $2.0M (18 whales) • Avg Volume: $112K • Avg Leverage: 8.4x • Avg Entry: $28.6K 🟢 Long $BTC • Total Volume: $1.8M (15 whales) • Avg Volume: $122K • Avg Leverage: 16.0x • Avg Entry: $63.1K

Didn’t know $SKHY was already on Solana. 👀

TL;DR on the SK Hynix drama. Hyperliquid lists two perps tracking the same company: $SKHX = the USD value of 1 common share trading in South Korea (the home market). $SKHY = the price of 1 NASDAQ ADR, where each ADR represents exactly 1/10 of a Korean common share. In other words, it's essentially the same underlying asset trading on two different markets. Right now, the U.S.-listed ADR is trading at roughly a 25% premium. The spread started at only ~5%, and plenty of quants got wrecked betting that such a divergence couldn't possibly persist. Of course, this premium won't last forever. Investment banks are almost certainly already working on expanding the conversion pipeline between Korean shares and U.S. ADRs. It's a massive, near risk-free arbitrage opportunity for them. Meanwhile, we're the lucky ones in crypto, we can already trade this arbitrage today on Hyperliquid (just maybe don't use leverage... 😅).

They sold the entire days flow at the close $SKHY https://t.co/i1ZgssBqAL

I'm not sure whats going on but this whole $SKHY seems like it sucked out some liquidity out of the memory bounce back, once again, buy the dip

I kept an eye on SKHY during its first listing day, and it definitely attracted a lot of attention. The price moved well early, and trading activity stayed busy, which showed many people were watching it closely. First day moves can be exciting, but I usually pay more attention to what happens after the initial buzz. Curious to see how SKHY performs from here. What do you think? #BingXSKHY

Every new listing tells a story, and the first chapter is always written by the market. SKHY’s debut quickly caught the attention of traders as they watched its early price action, liquidity, and momentum unfold in real time. First impressions matter, but sustained performance is what keeps all eyes on a project. Are you watching $SKHY? #BingXSKHY

$SKHY is available in your favourite Solana apps through three issuers: @Backpack Securities (with @sunrise), @xStocks and @OndoFinance. @tryfomo, @dflow, @Titan_Exchange, @phantom, @JupiterExchange, @Raydium, @solflare, @kamino_swap , @mayan and more. Learn more: https://t.co/HS1MkHE0vD