ME News reports that on August 7 (UTC+8), according to TradingBeats (formerly Hyperinsight), the whale address (0x9bb)—which previously achieved profits on all five rounds of storage trades and transferred approximately $7.537 million back to its spot account—re-deposited 2.393 million USDC into Hyperliquid last night. Less than one minute after the funds arrived, the address began taking long positions in SanDisk (SNDK), accumulating 3,800.84 contracts within four minutes at a total turnover of approximately $4.783 million, with an average entry price of $1,258.50. As of publication, the whale holds a long position of approximately $4.853 million in SNDK at 2x isolated leverage, which is currently the only open position in the account. SNDK is trading at $1,276.80, yielding an unrealized profit of about $69,600, or a return of approximately 2.9%. The liquidation price is set at $662.10, and no public limit orders have been placed. SNDK touched a low of $1,168.30 last night before rebounding to $1,276.80, recovering about 9.3% from its low—but remains down approximately 10.5% compared to the previous day’s benchmark price. The whale did not enter at the bottom but re-entered after the rebound had already begun. Since beginning trading in late July, this address has only traded storage assets, and all five completed directional trades have been profitable: - Long SNDK: profit of ~$1.374 million - Long SKHX: profit of ~$785,000 - Short SNDK: profit of ~$662,000 - Short MU: profit of ~$309,000 - Short SKHY: profit of ~$184,000 SNDK’s 24-hour trading volume reached approximately $936 million, with an open interest value of about $161 million and an hourly funding rate of approximately +0.000625%. (Source: BlockBeats)
High-Win-Rate Whale Re-Enters Flash Memory Market with $4.78M Long Position in SNDK
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Summary
A high-win-rate whale has returned to the flash memory market, opening a $4.78 million long position in SNDK via position trading on Hyperliquid. The whale deposited 239.3 million USDC and purchased 3,800.84 contracts in four minutes, averaging $1,258.5 per contract. The position uses 2x leverage, with a floating profit of $69,600 and a 2.9% unrealized return. Position sizing appears precise, as SNDK rose from $1,168.3 to $1,276.8, though it remains 10.5% below the previous day’s base price.
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