A prominent "smart money" trader known as yixie10 abruptly canceled a Time-Weighted Average Price (TWAP) sell order midway through execution while attempting to secure profits ahead of the start of SK Hynix American Depositary Receipt (ADR) trading, according to on-chain analyst Ai Yi cited by Odaily.
Yixie10 had previously generated over $6.5 million in gains from strategic bets within the artificial intelligence (AI) sector and intended to lock in approximately $320,000 in profit from the SK Hynix ADR position before regular trading commenced. However, the planned exit strategy was interrupted, leaving a residual holding of 10,000 ADR units.
As of now, this remaining position is sitting on an unrealized loss of $1.914 million, highlighting the volatility and timing risks even for sophisticated market participants in emerging tech-linked assets.