After GTC, NVIDIA Partially Gives Back Gains, Storage Sector Sees Strong Performance with SanDisk Leading the Way, On-Chain Whale

BlockBeats News, March 17th, according to Hyperinsight monitoring, as the GTC conference concluded with Huang Renxun's keynote speech, significant volatility was observed in the NVDA contract on the Hyperliquid platform. During the speech, there was a brief sharp pullback, with the high reaching nearly $189 and the low touching $181, resulting in a 4.1% amplitude. At the time of writing, NVDA was trading at $183.1, retracing some of its pre-event gains, with the US stock market closing with a narrowed increase of 1.65%.

In contrast, the storage sector showed stronger performance. MU (Micron Technology) closed up 3.68%, SNDK (SanDisk) closed up 6.35%.

On the Hyperliquid platform, a whale (0x6ba) who had been continuously accumulating SNDK with an average price of $630 over the past week has seen their unrealized gains expand to $740,000 (28%), with a position size of $7.04 million, now the largest long position in SNDK on Hyperliquid.

Furthermore, the largest long position in MU, an address associated with Continue Capital (0x3e3), currently holds a position size of around $6.7 million, with unrealized gains of $900,000 (58%).