Bullish

Seven Addresses Hold $143.9M Long MU and SNDK Positions with $1.2M Unrealized Losses

2026-08-03 15:32:43

Whale addresses maintain $143.9M long exposure in Micron and SanDisk, facing $1.2M unrealized losses with zero short positions detected in the weekend trading window.

Woofun AI data shows that seven addresses holding million-dollar positions in Micron Technology (MU) and SanDisk (SNDK) maintained exclusively long positions from Friday’s close through the weekend, with no corresponding short positions recorded. The aggregate value of these long positions stands at approximately $29.297 million, carrying a total unrealized loss of roughly $1.193 million, with five of the seven addresses currently underwater.

Specific holdings include 17,000 shares of MU valued at $139.04 million with a weighted average entry price of $871.6 against a current price of $834.6, resulting in a $617,000 loss. SNDK positions comprise 12,400 shares valued at $153.93 million, with an average entry of $1,286.1 versus a current price of $1,239.6, yielding a $576,000 loss. The address starting with 0x0ad holds the largest combined position of $143.92 million across both assets, while address 0xfe7 maintains a 10x leveraged $3.174 million SNDK long. These two addresses account for 76.5% of the total unrealized losses.

WOOFUN AI

Impact Assessment · Quick Read

The concentration of large long positions in storage sector equities suggests significant whale confidence in near-term price recovery despite current drawdowns. The absence of short positions indicates a lack of immediate bearish sentiment among major players, potentially reducing downside volatility. However, the high leverage on specific addresses introduces liquidation risk if prices decline further, which could trigger rapid deleveraging events.
Generated by WOOFUN AI · For reference only, not investment advice

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