ME News report, August 5 (UTC+8): According to TradingBeats (formerly Hyperinsight), the largest pre-earnings order for SanDisk came from a smart money address, 0x0ad, which has already taken profits and closed its position. Last night, this address sold 3,890.8 SNDK at an average price of approximately $1,390, generating a trading volume of about $5.408 million and realizing a profit of roughly $401,000—capturing around 8% of SNDK’s recent rally. Subsequently, the address placed two new buy orders at $1,187 and $1,300, aiming to re-enter with 5,952.3 SNDK, representing a notional value of approximately $7.5 million, with a weighted order price of about $1,260. These orders are positioned 9.9% to 17.8% below the current price. If fully filled, the next position size will increase by approximately 53% compared to the prior one, with planned capital allocation 38.7% higher than the previous exit trade value, enabling a larger long position at a lower average cost. Historical trade records show that since becoming highly active on June 25, this address has executed 11 major trades in MU and SNDK—all profitable—with a cumulative net profit of approximately $2.83 million. Across all recorded trades, the address has achieved 14 wins out of 16 total MU and SNDK trades, yielding an 87.5% win rate and a total net profit of approximately $5.634 million; specifically for SNDK, it has executed 9 trades with 8 wins, with its single loss under $1,000. Additional data: SNDK is currently trading at $1,443.6, up approximately 9.7% in the last 24 hours, with a trading volume of about $432 million and an open interest value of approximately $138 million. The hourly funding rate turned positive after noon and is currently around +0.0006%. SanDisk will release its earnings report and hold an earnings call at midnight Beijing time tomorrow. (Source: BlockBeats)
Storage Smart Money Plans to Re-enter SNDK with a $7.5M Buy Order
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Summary
A storage smart money address (0x0ad) has initiated a re-entry into SNDK with two buy orders totaling 5,952.3 shares, valued at $7.5 million. The average purchase price of $1,260 is 9.9% to 17.8% below the current price of $1,443.6, presenting a favorable risk-to-reward profile. The address previously sold its position at $1,390, realizing a $401,000 profit. Since June 25, it has executed 11 profitable trades in MU and SNDK, generating $2.83 million in gains. Across 16 total trades, the address has an 87.5% win rate and cumulative profits of $5.63 million. The price action indicates a strategic approach to market entries.
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