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In the AI sector pullback, the biggest loser lost up to $8.5 million, and a whale once held multiple long positions with a scale of 90 million.

MeNews
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[ME AI] News, June 26 — According to Hyperinsight monitoring, as Apple's sharp decline dragged down large-cap tech stocks, and with the U.S. PCE inflation remaining high and market expectations for rate cuts further cooling, funds have taken profits from the high-flying AI sector. AI industry chain stocks broadly pulled back overnight. A whale on Hyperliquid (0x3200) has been consistently building positions in the AI industry chain over the past month, sequentially establishing positions in NVDA, MSFT, MU, SKHX, GOOGL, META, BABA, and MRVL, with the cumulative position size once reaching $89.7 million. Affected by this round of pullback, its current total floating loss has expanded to $8.5 million, including $3.47 million in new floating losses in the past 24 hours. NVDA (average entry price $212) and MSFT (average entry price $407) are the largest sources of losses, with floating losses exceeding the principal of the positions. The address has today fully closed its long positions in SKHX and MU, achieving a small profit, and the current portfolio position size has decreased to $72.7 million. (Source: MLion)
MU-0.57%
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