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Address Opens Leveraged Longs Worth About $36.9 Million in NVIDIA, SanDisk

The NVIDIA position was valued at about $24.2 million at 5x leverage, while the SanDisk position was about $12.7 million at 2x.

By Enna Lee
Published
Two silicon dies rest on opposite arms of a precision balance / TokenPost.ai
Two silicon dies rest on opposite arms of a precision balance / TokenPost.ai

Address 0xc8b5 opened leveraged long positions in NVIDIA (NVDA) and SanDisk (SNDK) on Nov. 11, with a combined position value of about $36.9 million.

The NVIDIA position covered 136,982 units at 5x leverage and was valued at about $24.2 million. The SanDisk position covered 13,655 units at 2x leverage and was valued at about $12.7 million.

The NVIDIA position was nearly twice the value of the SanDisk position and carried the higher leverage.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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