ME News report: On July 22 (UTC+8), SanDisk (SNDK) rose 14.2% pre-market to $1,589.40. On July 17, SanDisk dropped to a low of $1,325.03, representing a maximum drawdown of 43.7% from its peak; the latest closing price has rebounded 20.0% from that low but remains 32.5% below the peak. According to Hyperinsight monitoring, the previously tracked "Top U.S. Stock Whale" has significantly increased its position during this rebound, initiating a zero position at 13:29 today and accumulating 22,910.2 shares through 5,380 trades by 16:50 at an average price of $1,548.20; combined with existing open orders, the whale plans to build a total position worth $90 million. As of publication, SNDK is trading at $1,554.80 pre-market. The whale holds the above long position with 6x isolated leverage, resulting in a position value of approximately $35.61 million, a liquidation price of $1,357.40, and an unrealized profit of about $141,800. From a timing perspective, the whale may be betting on both the continuation of the oversold rebound in the storage sector and expectations ahead of the August 5 earnings report. Recent catalysts include the sampling of the 10th-generation 3D NAND (BiCS10) and the investor day on August 13. Additionally, the whale’s current open orders for SanDisk and Micron are as follows: - SanDisk buy orders: 22 orders, priced between $1,520 and $1,546.40, totaling 35,312.2 shares, with a total order value of approximately $54.57 million. If fully filled, the whale’s SNDK long position will increase to approximately 58,222 shares, with total investment reaching about $90.04 million; - SanDisk sell orders: 2 orders, priced between $1,668.40 and $1,671.50, totaling 362.1 shares—covering only about 1.6% of the current long position, indicating limited profit-taking intent; - Micron sell orders: 45 orders, priced between $996 and $1,018.70, totaling 9,374.218 shares, with a total order value of approximately $9.42 million; upon execution, these will establish a high-side short position. This address belongs to a swing-style whale that has previously rotated among SanDisk, Micron, Western Digital, DRAM indices, Intel, and SPCX. Its realized profits have been concentrated in Intel, Micron, and Western Digital, with cumulative gains exceeding $16.2 million over the past two months. (Source: BlockBeats)
Whale Buys $90M in SanDisk (SNDK) Amid Price Recovery
KuCoinFlashShare
Summary
Whale activity in SanDisk (SNDK) surged as a major whale purchased $90 million worth of the stock during a recent price rebound. On July 22 (UTC+8), SNDK rose 14.2% to $1,589.4 in pre-market trading. The whale began accumulating from scratch at 1:29 PM, executing 5,380 trades for 22,910.2 shares at an average price of $1,548.2. Including existing orders, the total investment reaches $90 million. The 6x leveraged position is valued at $35.61 million, with a liquidation price of $1,357.4 and a floating profit of $141,800.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.