Santiment Sees Surge in Whales With 100% Win Rate Buying the Dip, as One Perfect Record Trader Longs $4.78 Million

BlockBeats News, August 7th, according to TradingBeats (formerly Hyperinsight) monitoring, the whale (0x9bb) that had previously made profits in all five rounds of storage trades and twice transferred approximately $7.537 million back to the spot account, re-deposited 2.393 million USDC into Hyperliquid last night.

The funds arrived in less than 1 minute, and the address started longing SNDK, accumulating 3800.84 contracts within 4 minutes, with a total transaction volume of about $4.783 million and an average entry price of $1258.5.

As of press time, the whale held approximately $4.853 million in SNDK long positions with 2x leverage, the only current position in the account. SNDK is now trading at $1276.8, with the position showing an unrealized profit of about $69,600, a return rate of approximately 2.9%, a liquidation price of $662.1, and no public orders set yet.

SNDK bottomed at $1168.3 last night, then rebounded to $1276.8, a recovery of about 9.3% from the low point; however, it is still down about 10.5% from the previous day's benchmark price. The whale did not buy at the lowest point but re-entered after the rebound had already begun.

Since the end of July, the address has only participated in storage targets and has completed five profitable directional trades:

- Profit of approximately $1.374 million from a long position in SNDK;

- Profit of approximately $785,000 from a long position in SKHX;

- Profit of approximately $662,000 from a short position in SNDK;

- Profit of approximately $309,000 from a short position in MU;

- Profit of approximately $184,000 from a short position in SKHY.

The 24-hour trading volume of SNDK is about $9.36 billion, the open interest value is about $1.61 billion, and the hourly funding rate is approximately +0.000625%.