ME News reports that on May 20 (UTC+8), according to Hyperinsight monitoring, Wall Street financial giant Citigroup has significantly raised its bullish outlook on the storage sector, increasing its price target for SanDisk (SNDK) by over 50% to a new target of $2,025. SNDK closed today up 3.77%, leaving a 46.4% upside potential from its current price to the new target; Citigroup also raised its price target for Micron (MU) to $840, following MU’s earlier 2.52% gain. Shortly after the news broke yesterday, a whale on Hyperliquid simultaneously initiated positions in the two leading storage stocks, MU (Micron) and SNDK (SanDisk), with a combined position size of approximately $10 million. As of publication, the position has generated an unrealized profit of $447,000 (+12.3%). The detailed holdings are as follows: MU long position (10x leverage): 7,714.3 contracts (~$5.5 million), average entry price of $687.50; SNDK long position (10x leverage): 7,714.3 contracts (~$4.55 million), average entry price of $1,319.40. Address: 0x3ed4033676d0bdb3938728ca4ac673d00e74bd06 (Source: BlockBeats)
Citigroup Raises SanDisk Target Price by Over 50%, Whale Earns $447K Profit
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Summary
Whale trading activity surged after Citigroup raised SanDisk’s target price by over 50% to $202.50. A whale on Hyperliquid opened $10 million in long positions on SanDisk and Micron, realizing a floating profit of $447,000 (12.3%). The move followed strong price action and increased market attention. Whale trading activity remains a key indicator of short-term momentum.
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