Monitored by Woofun AI, a whale address executing a 'sell on rallies' strategy suffered approximately $5.92 million in losses across three leveraged short positions after Micron's earnings report triggered a sector-wide surge. The specific losses include $2 million on MU, $3.13 million on SK Hynix (SKHX), and $0.79 million on the DRAM index, all utilizing 4x leverage.

Intraday price increases reached 11.5% for MU, 10.6% for SKHX, and 9.6% for DRAM. Despite these losses, the whale maintains bearish stances with short/long ratios of 1.5, 1.4, and 1.75 respectively. Current market prices stand at $1220 for MU, $1876 for SKHX, and $78.3 for DRAM, exceeding the average entry costs for both long and short positions held by large entities.