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

On February 5, AMD's stock price plunged 17.3% amid broader market volatility in the semiconductor sector. According to Coinbob Hot Address Monitoring, a well-known whale in the on-chain derivatives market — often referred to as the 'Premium Block Trader' — fully closed its xyz:AMD long position from the address (0x894...).

This trader had previously held 10,000 shares of the AMD-linked contract, worth approximately $2.1 million. The exit resulted in a loss of around $130,000. However, instead of stepping back, the trader quickly pivoted to a new opportunity within the same sector.

Data shows that the trader has already begun accumulating xyz:INTC — Intel's on-chain mapped contract — with a new long position. So far, the whale has built a position of 48,780 shares worth approximately $2.38 million at an average price of $48.33. The position is currently showing a floating profit of around $24,000.

This trader has a history of strategic moves, previously being the largest long holder of on-chain gold and having deployed up to $40 million in Nasdaq and copper positions.