Whale Accumulates Six Tech Stocks, Suffers $4.5M Loss as Basket Halves

On-chain entity holding $11.3M in six tech equities faces $4.54M unrealized losses after positions drop 40-57% from highs, continuing to average down.

Woofun AI reports that a whale address starting with 0x053f has accumulated long positions in SanDisk, Marvell, SK Hynix, Intel, Samsung Electronics, and Oracle. The portfolio, initiated in late May with a strategy of buying dips, now faces significant drawdowns. SanDisk has declined 56.8% from its peak, while Oracle, SK Hynix, and Marvell have dropped by 52.6%, 52.5%, and 51.8% respectively. Intel and Samsung Electronics have retreated by 43.1% and 41.9%. The total position value stands at approximately $11.3 million, with unrealized losses reaching $4.544 million. SK Hynix accounts for the largest loss at $2.218 million. Despite these losses, the whale continues to increase its position in SK Hynix as of 8:00 AM today.