A crypto whale opened a $31 million long position on Micron (MU) at $775.25 just before the stock plunged 17% overnight, according to on-chain analyst Yu Jin. The position was established at 11 PM last night, right as MU began its sharp decline.
Micron fell as low as $650 during the crash, pushing the whale's unrealized loss to approximately $5 million at its peak. MU has since rebounded to around $700, narrowing the current unrealized loss to $3.12 million.
Whale's $31M Micron Long Position Suffers $3.12M Unrealized Loss After 17% Plunge
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