AMD plunges 17% intraday, whales up $2.1 million on the asset, liquidates on-chain, then switches to long on Intel

BlockBeats News, February 5th, according to Coinbob Popular Address Monitor data, influenced by a 17.3% decline in the semiconductor sector, AMD closed this morning. The "Respected Whale Trader" address (0x894...) completely closed its xyz:AMD (AMD mapping contract) long position, with a previous position size of 10,000 shares, equivalent to about $2.1 million, recording a loss of approximately $130,000.

Subsequently, today it opened a long position in xyz:INTC (Intel mapping contract) in the same sector. The current position size of this asset is 48,780 shares, equivalent to $2.38 million, with an average price of $48.33 per share, currently showing a slight unrealized gain of about $24,000.

This trader focuses on trading US stocks and on-chain precious metals. Previously, he was the largest long position in on-chain gold and had taken a heavy position in the Nasdaq and copper prices with a scale of $40 million.