ME News reports that, as of July 30 (UTC+8), according to Hyperinsight monitoring, the whale beginning with 0x053f sequentially bought shares of SanDisk, Marvell, SK Hynix, Intel, Samsung Electronics, and Oracle. Today, these six tech stocks have collectively become a “half-off basket”: four of them are down more than 50% from their recent highs, while the other two have retraced over 40%. Initially, this was a bet on a tech stock rebound. The whale began entering positions at the end of May and progressively expanded its holdings along a “buy the dip” strategy: purchasing Marvell in early June, followed by gradual long positions in SK Hynix, Intel, Samsung Electronics, and Oracle—ultimately building a full portfolio across all six tech stocks. The anticipated rebound never came; instead, the market continued to decline. To date, SanDisk is down 56.8% from its recent high; Oracle, SK Hynix, and Marvell have dropped 52.6%, 52.5%, and 51.8% respectively; Intel and Samsung Electronics have retraced 43.1% and 41.9%. All six stocks are now in deep drawdowns—with none spared. Notably, SanDisk—the first position established—was initially the best-performing trade in this series. After entering at the end of May, the position generated substantial unrealized gains. However, as the price declined, the whale continuously added to the position, eventually erasing all prior profits and turning them into significant losses. Last night and early this morning, tech stocks suffered another broad decline, deepening the whale’s losses through the sunk-cost effect: As of publication, the whale’s six long positions have accumulated an unrealized loss of $4.544 million, with a total position value of approximately $11.3 million. SK Hynix is the largest source of loss, with a single unrealized loss of about $2.218 million. The return rates for Intel, Samsung Electronics, and SanDisk have all fallen below -120%; Marvell’s return rate has dropped to -98.8%, with its entire margin capital absorbed. From expecting a tech rebound to continuously selecting new long positions among falling stocks, this whale ultimately assembled a “half-off basket” through repeated averaging down. Yet even with massive unrealized losses, the whale has not stopped “picking stocks within the half-off basket.” As of 8:00 today, the whale continues to add to its SK Hynix position... (Source: BlockBeats)
Whale Suffers $4.5M Loss from Six Tech Stocks as Market Plummets
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Summary
Whale activity has drawn attention as a major investor, address 0x053f, faces a $4.54 million loss from six tech stocks. The whale’s positions in SanDisk, Marvell, SK Hynix, Intel, Samsung Electronics, and Oracle have all declined sharply, with four down more than 50%. The whale’s movement in SK Hynix reflects a $2.22 million unrealized loss, yet it continues to add to the position. Initial bets on a tech rebound failed as the market continued to fall.
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