BlockBeats News, June 22nd, according to Hyperinsight monitoring, a whale address (0x519c...6a47) opened a long position in xyz:MRVL (Marvell Technology) in the past 8 hours with a total value of approximately $8 million, opening price at $313.8, and liquidation price near $264. In addition, the address also holds a long position in xyz:SPCX worth about $5.38 million, with an average entry price of $204.65 and a liquidation price of $137.
Marvell is a U.S.-based chip design company, with its business mainly focused on data center and AI infrastructure. The company achieved a net profit of $2.274 billion in the 2026 fiscal year, a year-on-year growth of over 300%. Its current market value is around $270 billion. Huang Renxun has publicly stated that it is the next trillion-dollar market cap company.
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