TechFlow News, June 25: According to Hyperinsight monitoring data, the most prominent U.S. equities trading address on Hyperliquid—the “U.S. Equities Trading King”—began with approximately $30,000 in early April, entering the U.S. equities market via a long position in INTC (Intel), and has since accumulated $3.9 million in profits, ascending from retail trader to a major on-chain whale and Intel’s largest long holder.
On April 2, the “U.S. Equities Trading King” initiated leveraged long positions in Intel at a 10x leverage within its low-price range of $48–$59, and further increased position size using unrealized profits as the stock price rose.
By April 9, its INTC long position had grown to 20,000 contracts, with an average entry price of approximately $54, resulting in a position value exceeding $1 million. Notably, on April 6 alone, it added 10,500 contracts (average price $51.40), precisely one day before Intel announced its participation in Elon Musk’s Terafab project and expectations of receiving its first AI wafer orders.
With each rally, the trader repeatedly reinvested unrealized profits and released margin to increase exposure; account equity surged from roughly $40,000 in early April to about $180,000 by April 9, and surpassed $1 million by end-April.
After realizing substantial gains on INTC, on April 22 the trader shifted focus to MU (Micron Technology) at 10x leverage, building and incrementally adding positions over seven trading days within the $475–$525 range, ultimately reaching 3,750 contracts at an average price of approximately $505—coinciding with a supply-constrained market where Micron’s HBM capacity was fully sold out and memory prices surged 80–90% quarter-on-quarter.
On June 12, this address added 4,000 INTC contracts at $117.90 (doubling its earlier position established at $54), raising its average INTC entry price to $65.30. This addition occurred after Google placed an order with “Intel Foundry,” positioning the trade ahead of the June 18 rumors regarding Apple–Intel foundry collaboration.
As of press time, its two core long positions—INTC (23,000 contracts, average price $65.30) and MU (3,750 contracts, average price $505)—together total approximately $7.85 million in notional value, with unrealized profits of around $4.45 million. Account equity has grown from the initial ~$30,000 to over $3.9 million—a ~130-fold increase—and neither core position has triggered profit-taking.
The address’s newest position is a 10x long in SNDK, valued at $220,000, with an average entry price of $1,965.60 and a liquidation price of $1,863.40, opened one day ago.
