According to BlockBeats, on July 15th, GMGN market data showed that the market capitalization of Robinhood Chain's ecosystem token INDEX exceeded $16 million, currently trading at $16.02 million, more than doubling in the past hour.

The catalyst for the token's short-term surge may be Robinhood CEO Vlad Tenev's recent statement, in which he said, "Developers are welcome to embed stock tokens or RWA into their applications."

Previously, it was reported that the INDEX project would use transaction fees to purchase on-chain stock tokens and distribute them to INDEX holding addresses.

According to BlockBeats, on July 15th, Hyperinsight monitoring showed that a whale with the 0x0ad prefix, which had previously bet on a semiconductor rebound, has recently increased its long position in Micron Technology (MU) to 9,984,704 contracts, an increase of approximately 96% from its previous position, making it the largest long position in MU currently held by Hyperliquid.

However, the whale has no intention of continuing to chase the price higher, and both profit-taking sell orders have been placed above the cost line, with the plan to exit at breakeven. This whale currently holds approximately $9.949 million worth of long positions in MU (Mustard Exchange), with an average entry price of $1005.134. MU briefly rebounded above $1000 during the day before slightly retreating to $996.325. This position, after a brief recovery, still shows a floating loss of approximately $87,000 (-2.6%).

The order book shows that the whale plans to liquidate its position in two separate transactions above the cost line:

There were 4,984,704 sell orders placed at $1,036, totaling approximately $5.164 million.

There were 5,000 sell orders placed at $1,038.50, totaling approximately $5.193 million.

The two sell orders totaled 9,984,704 units, approximately $10,357,000, exactly covering all MU long positions. If all orders are filled, the address will exit at a loss above the cost line, with a profit of approximately $321,000 based on the order price.

On the long order book, another million-dollar MU long position starting with 0x364 adopted a similar arrangement, with a size of approximately $1.023 million and an average entry price of $980.861. It has already placed a take-profit sell order at $1,039 covering the entire position. Both positions are targeting $1,040 as the primary profit-taking level for this rebound.

Previous news: "Whale Discovery" reports that the largest long position holder in SK Hynix invested $2.7 million, and has already incurred a paper loss of $370,000.

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