Storage smart money lines up $7.5M bid to reenter SNDK

Aug. 5 (UTC+8) — TradingBeats (formerly Hyperinsight) data shows the largest pre-earnings SanDisk order came from a "smart money" wallet, 0x0ad, which has already taken profit and fully exited its prior position. The wallet sold 3,890.8 SNDK last night at an average price of about $1,390, for roughly $5.408 million in turnover and an estimated $401,000 gain—capturing around 8% of SNDK's latest upswing. The same address has since placed two fresh buy orders at $1,187 and $1,300, targeting a combined 5,952.3 SNDK (about $7.5 million notional) with a weighted bid near $1,260. The bids sit about 9.9% to 17.8% below the current market price. If fully filled, the new position would be about 53% larger than the previous one, with planned capital deployment around 38.7% above the value of the prior exit—effectively setting up a bigger long at a lower average cost. Trade history indicates that since becoming highly active on June 25, the wallet has completed 11 major trades in MU and SNDK, all profitable, for cumulative net profit of about $2.83 million. Across all tracked activity, it has recorded 14 wins out of 16 MU and SNDK trades (87.5% win rate) and total net profit of roughly $5.634 million. In SNDK specifically, it has made 9 trades with 8 wins; its only loss was under $1,000. SNDK last traded at $1,443.6, up about 9.7% over the past 24 hours, with around $432 million in trading volume and approximately $138 million in open interest. The hourly funding rate flipped positive after noon and is now near +0.0006%. SanDisk is scheduled to release earnings and host an earnings call at midnight Beijing time tomorrow. (Source: BlockBeats)