ME News report: On August 6 (UTC+8), according to aggregated Pro-exclusive data combined with TradingBeats (formerly Hyperinsight) analysis: On August 4, when SNDK rose 8.4%, four early long positions collectively reduced their holdings by approximately $11.11 million; the ratio of million-dollar-address counts and amounts for longs to shorts dropped to 0.75:1 and 0.72:1, respectively. During the same period, the largest short continued to add position, causing the 24-hour funding rate to rapidly turn negative. This signal was further confirmed by on-chain address behavior ahead of the earnings report: Address 0x0ad, after taking profits, expressed willingness to re-enter only at a price 12.2% below the current level, while address 0x0c4 sold its long position and opened a short position worth $4.79 million. Within the 24 hours preceding the earnings release, net long positions among million-dollar addresses decreased by $3.945 million, while net short positions increased by $21.923 million. One tracked address, a “stored full winner” who took profits on SNDK ahead of the earnings report and planned to re-enter at a lower price, successfully witnessed the price decline as anticipated. Yesterday, this address sold 3,890.8 SNDK at an average price of approximately $1,390, realizing a profit of about $401,000—capturing roughly 8% of the price rise—and subsequently placed a buy order for $7.5 million below. Its strategy suggests that, prior to the earnings report, the market had already priced in significant bullish sentiment when SNDK reached $1,443.6. This assessment was validated after the earnings release: SanDisk reported quarterly revenue of $8.965 billion, a 51% quarter-over-quarter increase, yet SNDK plunged approximately 11.8% in the hours surrounding the announcement and is now trading at $1,249.5. From last night through early this morning, this address re-entered in four tranches: buying approximately $1 million at $1,401; $3 million at $1,301; $1.007 million at $1,308.9; and another $1 million at $1,251. As of publication, the address holds 4,588.3 SNDK with a fully leveraged long position valued at approximately $5.733 million, with a weighted average entry price of $1,309.2, resulting in a current unrealized loss of about $274,000 and a return rate of approximately -4.6%. The address still maintains an additional $5 million buy order at $1,201. If fully filled, its total position will rise to 8,751.5 SNDK, with a total re-entry volume of approximately $11.007 million—an increase of 46.8% compared to yesterday’s planned $7.5 million—and an estimated weighted average entry price of approximately $1,257.7. Transaction records show that since June 25, this address has executed 11 major trades involving MU and SNDK—all profitable—with cumulative net profits of approximately $2.83 million. Of all 16 trades conducted, 14 were profitable, yielding total net profits of approximately $5.634 million. Previous report: Two whales had already repositioned ahead of earnings; profitable longs were unwilling to pay current prices. (Source: BlockBeats)
SNDK Price Drops 11.8% Following Flash Memory Giant’s Q3 Earnings Report
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Summary
SNDK’s price dropped 11.8% following the flash memory giant’s Q3 earnings report, closing at $1,249.5 on August 6 (UTC+8). Prior to the report, four early longs closed positions totaling $11.1 million, while the top short increased its stake. A major whale sold 3,890.8 SNDK at $1,390, realizing a $401,000 profit, then placed a $7.5 million buy order. The whale has since re-entered at $1,251, incurring a $274,000 unrealized loss. Since June 25, it has executed 11 profitable trades in SNDK and MU, netting $2.83 million. The risk-to-reward ratio across these trades has remained favorable.
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