AMD Plunges 17%! Whale Closes $2.1M Long Position and Turns to Intel

AMD's Plunge Triggers Whale's Move

According to Coinbob's address tracking, AMD's 17.3% drop prompted the 'whale trader' to fully exit its xyz:AMD long position. The trader had held 10,000 shares worth about $2.1M, incurring a loss of approximately $130K.

Shift to Intel Positioning

Shortly after, the trader began accumulating xyz:INTC (Intel's synthetic contract) with a new long position. Currently, the holdings have reached 48,780 shares, valued at $2.38M, with an average price of $48.33 and a small unrealized gain of $24K.

History of Trading US Stocks and Digital Commodities

The trader has been consistently active in synthetic markets, previously holding the largest synthetic gold position and once deploying $40M to bet on the Nasdaq and copper prices, highlighting their strategic focus on commodities and growth equities.