Whale Deposits $7.35M USDC to Bet on NVDA and SNDK, Market Buzzes with Bullish Sentiment

Whale Bets Big on Tech Stocks as Market Sentiment Turns Bullish

According to the latest on-chain data from Lookonchain, a major crypto whale has recently deposited 7.35 million USDC on Hyperliquid to take long positions on stock derivatives linked to NVDA and SNDK.

Currently, the whale holds two major long positions: 61,951 xyz:NVDA long contracts worth $11.94 million and 2,920 xyz:SNDK long contracts valued at $2 million. Additionally, a pending order for 40,778 xyz:NVDA contracts worth $4.53 million is waiting to be filled.

Market Reaction and What Lies Ahead

This significant investment has caught the attention of traders and analysts, especially in the current economic climate marked by uncertainty and cautious investing. It signals strong confidence in the long-term outlook of the tech sector.

• NVDA, a leader in AI chip development, continues to attract strong investor interest.
• SNDK remains a key player in storage solutions, drawing consistent capital inflows.

Analysts suggest that if more investors follow suit, the upward pressure on these assets could lead to notable price appreciation.