Google Compression Technology Paper Continues to Gain Traction, On-Chain Whale Profits from Accurately Shorting Storage Stocks Expand to $250,000

BlockBeats News, March 27th, Google compression technology paper continues to ferment, storage concept stocks remain weak. MU (Micron Technology) has been falling for six consecutive trading days. Today, it fell again by 6.97%, with a cumulative decline of nearly 25%; SNDK (SanDisk) fell by 11.02% today, and at one point during the session fell below $600.

According to Hyperinsight monitoring, on the eve of the Google-related paper release on the 25th, the whale (0x61c) who shorted has now expanded their unrealized profit to $250,000, with a return rate of 30%. They currently hold a total of about $2.98 million in MU and SNDK short positions, with average prices of $389.2 and $673.8, respectively, without taking profits yet.