Gate News reports that on March 13, this morning’s US stock market closed with storage concept stocks falling across the board. SanDisk (SNDK, a traditional stock market storage concept stock) led the decline. Hyperliquid shows SNDK’s price has dropped 3.5% in the past 24 hours, currently at $621. In this context, an address 0x61c, previously active in shorting silver, opened a short position on SNDK on Hyperliquid early this morning, with a position size of $2.3 million, an average price of $632, a liquidation price of $700, and a current unrealized profit of 9%. On the news front, on February 24, Citron Capital announced shorting SanDisk, which caused its price to drop to a low of $483 on March 9. The price rebounded above $650 in the past three days but has fallen again today along with the sector.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
