Whale Shorts $15.2 Million in U.S. Storage Stocks, Faces $2.47 Million Loss

On May 11, on-chain analyst @ai_9684xtpa reported that whale NMTD.HL has shorted $15.2 million worth of U.S. storage sector stocks, including $11.22 million in SanDisk, $2.54 million in AMD, and $1.45 million in Micron, currently facing a loss of $2.47 million, with the liquidation price approaching. On May 1, NMTD.HL stated, 'Waiting for a 40% drop in SNDK with a large bearish candle.'