"The Silver Bullet Air Force" shorted SNDK at a high of $2.3 million, leading the decline of storage stocks at the morning close with SanDisk.
By: theblockbeats.news|2026/03/13 14:07:02
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BlockBeats News, March 13th, according to Hyperinsight monitoring, this morning's U.S. stock market closed with a collective decline in storage concept stocks, with SanDisk (SNDK) leading the decline. On Hyperliquid, the SNDK price fell by 3.5% in 24 hours, currently at $621.
Against this background, the "Silver Iron Head Air Force" address (0x61c), which was previously active in shorting silver, opened a short position on SNDK early this morning, with a position size of $2.3 million, an average price of $632, a liquidation price of $700, and a current unrealized profit of 9%. In addition, it also holds a short position in Micron Technology (MU) worth $980,000, with an average price of $411.7.
In terms of news, on February 24th, Citron Capital announced a short position on SanDisk, causing its price to drop to a low of $483 on March 9th; the price rebounded to above $650 in the past three days but fell again today along with the sector.
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