SanDisk's Inclusion in Nasdaq 100 Boosts Stock Price to New High, SNDK Surges 14% in a Day Leading to Significant Long Liquidation on-chain
BlockBeats News, April 14th, last Friday, an exchange announced that Sandisk (SNDK) will be formally included in the Nasdaq 100 Index constituent stocks before the opening on April 20, 2026.
Boosted by the continued fermentation of this news, SNDK recorded a cumulative increase of over 14% during Monday's intraday and today's after-hours trading, with the stock price hitting a new all-time high. On the Hyperliquid platform, the SNDK contract surged above $980, with a 24-hour increase of 13.8%.
According to Hyperinsight monitoring, the strong market performance has led to all on-chain long positions turning profitable. Among them, "Trader CBB," who has been focusing on shorting US stocks for a long time, shifted to establishing long positions in SNDK since April 6 and has made it his primary holding. The current position size is $6.73 million with a floating profit of $730,000, making him the largest long position on SNDK on Hyperliquid.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
About 700,000 BTC have flowed out of exchanges in the past year.
Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks
In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
Crypto prices
More
