{"slug": "sk-hynix-shares-fall-over-9-on-second-day-of-us-trading-as-tokenized-stock-on", "title": "SK Hynix shares fall over 9% on second day of US trading as tokenized stock launches on Solana", "summary": "SK Hynix shares fell over 9% on their second day of US trading after a record $26.5 billion NASDAQ listing, as the company simultaneously launched tokenized shares on Solana. The drop reflects market volatility for the AI chip maker, whose high-bandwidth memory is critical for AI systems.", "body_md": "# SK Hynix shares fall over 9% on second day of US trading as tokenized stock launches on Solana\n\nThe largest-ever US listing by a foreign company raised $26.5 billion, but day-two jitters and a simultaneous blockchain token launch are reshaping how investors think about AI chip exposure.\n\nSK Hynix just pulled off the biggest US listing ever by a foreign company. Then its stock dropped more than 9% the very next day.\n\nThe South Korean memory chip giant’s American Depositary Receipts debuted on NASDAQ on July 10 after raising approximately $26.5 billion, pricing 177.9 million ADRs at $149 each. On day one, shares opened between $170 and $173, a gain of roughly 13-15% from the issue price. On day two, the market pulled back hard, with shares declining more than 9%.\n\n## A record-breaking debut meets gravity\n\nSK Hynix’s $26.5 billion raise eclipsed Alibaba’s 2014 IPO, which had held the crown for over a decade as the largest US listing by a foreign company. The offering was oversubscribed more than seven times. SK Group Chairman Chey Tae-won attended the opening ceremony on NASDAQ. SK Hynix is one of the world’s leading producers of high-bandwidth memory chips, the silicon that makes modern AI systems actually work.\n\n## Tokenized shares hit Solana\n\nOn the same day as the day-two selloff, SK Hynix launched tokenized versions of its shares, branded as xStocks under the ticker SKHYx, on Solana and other blockchain platforms.\n\nThis allows trading of a blockchain-based representation of SK Hynix equity on decentralized infrastructure, 24/7, without needing a traditional brokerage account.\n\n## Why this matters for AI and crypto investors\n\nSK Hynix’s high-bandwidth memory chips are essential components in the GPU clusters that power large language models and autonomous driving systems. The seven-times oversubscription of this offering signals continued institutional appetite for AI hardware exposure.\n\nFor crypto-native investors, the tokenized share launch creates a pathway into AI infrastructure exposure without leaving the blockchain ecosystem. The product is available on Solana, which has been positioning itself as a chain for tokenized assets and high-throughput financial applications.\n\nWhat investors should watch now is whether trading volume on the tokenized SKHYx shares builds meaningful liquidity, or whether the product remains a curiosity. If on-chain volume starts to represent even a small fraction of NASDAQ trading activity, it would validate the thesis that tokenized equities are moving from concept to infrastructure.\n\n**Disclosure:** This article was edited by Editorial Team. For more information on how we create and review content, see our\n\n[Editorial Policy](https://cryptobriefing.com/editorial-policy/).", "url": "https://wpnews.pro/news/sk-hynix-shares-fall-over-9-on-second-day-of-us-trading-as-tokenized-stock-on", "canonical_source": "https://cryptobriefing.com/sk-hynix-shares-fall-tokenized-solana/", "published_at": "2026-07-13 21:08:55+00:00", "updated_at": "2026-07-13 21:32:44.590698+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-chips", "ai-infrastructure"], "entities": ["SK Hynix", "NASDAQ", "Solana", "Alibaba", "SK Group", "Chey Tae-won"], "alternates": {"html": "https://wpnews.pro/news/sk-hynix-shares-fall-over-9-on-second-day-of-us-trading-as-tokenized-stock-on", "markdown": "https://wpnews.pro/news/sk-hynix-shares-fall-over-9-on-second-day-of-us-trading-as-tokenized-stock-on.md", "text": "https://wpnews.pro/news/sk-hynix-shares-fall-over-9-on-second-day-of-us-trading-as-tokenized-stock-on.txt", "jsonld": "https://wpnews.pro/news/sk-hynix-shares-fall-over-9-on-second-day-of-us-trading-as-tokenized-stock-on.jsonld"}}