BlockBeats News, March 26 — According to Hyperinsight monitoring, Google’s (GOOGL.US) latest compression technology paper has sparked market concerns over shrinking storage demand, putting storage concept stocks under pressure across the board.
MU (Micron Technology) fell 4%, SNDK (SanDisk) dropped as much as 6.5% during the day; on the Hyperliquid platform, MU is currently trading at $374.7, down 6% in 24 hours; SNDK is trading at $657.7, down over 6.8% in 24 hours.
Ahead of the release of Google’s related paper, a whale on the chain, “Silver Iron Head Air Force” (0x61c), had already positioned itself yesterday around 8 p.m. (before the US stock market opened), opening short positions on MU and SNDK with a total of about $3 million using 10x leverage. As the sector experienced a sharp decline today, these two short positions have already realized approximately $100,000 in profit, with a return rate of about 15%.
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.
Related Articles
Shiba Inu Burn Rate Surges 405% in 24 Hours, SHIB Posts 3.82% Monthly Gain
Gate News message, April 24 — Shiba Inu's token burn rate surged 405% over the past 24 hours, with over 2.5 million SHIB tokens permanently removed from circulation. The tokens were sent to inactive wallets, reducing the total supply as part of the ecosystem's long-term scarcity strategy.
The
GateNews24m ago
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand1h ago
Bitcoin Breaks $78,000 but Falls 0.47% Intraday
Gate News message, April 24 — Bitcoin broke through $78,000 today, though it recorded a 0.47% decline over the intraday period.
GateNews3h ago
TradFi Rise Alert: XPDUSD (Palladium - Cash) Rises Over 2%
Gate News: According to the latest Gate TradFi data, XPDUSD (Palladium - Cash) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews5h ago
TradFi Fall Alert: OJUICE (Orange Juice) Falls Over 4%
Gate News: According to the latest Gate TradFi data, OJUICE (Orange Juice) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market
GateNews6h ago
