A crypto whale holding heavy short positions in US equities—particularly AI, semiconductor, and memory chip stocks—has accumulated over $30 million in unrealized gains, according to on-chain tracking platform Lookonchain.
Top profitable shorts include SanDisk (SNDK) with $6.36 million in gains, Intel (INTC) at $4.03 million, Direxion Daily Semiconductor Bull 3X Shares (SOXL) at $2.33 million, and Micron Technology (MU) at $2.25 million. Most of the whale's positions are currently in profit as bearish bets on the sector pay off.
Whale Shorting AI and Semiconductor Stocks Racks Up Over $30M in Unrealized Gains
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