Trader Loracle buys the dip of nearly $16 million in Sandisk, expanding his long exposure.

According to TradingBeats, trader Loracle is aggressively expanding its long exposure. Its sub-accounts currently hold approximately $15.63 million in long positions in SanDisk (SNDK), with an average entry price of $826.77, an unrealized profit of around $656,800, and a return of roughly 39.5%. This SNDK long position was primarily established early this morning. In addition to SNDK, the address also opened a new long position of around $3 million in ETH today, with an average entry price of $2,250, currently posting a small unrealized loss of approximately $28,500. Among Loracle’s main account and 7 sub-accounts, a total of 3 addresses have executed trades since last night’s U.S. stock market open. While the combined net long exposure of two active sub-accounts—“smb” and “smbxyz”—decreased by roughly $290,000: “smb” reduced its long positions in PAXG and XMR and added short positions in BNB and UNI; “smbxyz” modestly trimmed some long positions in tech stocks including SNDK. Driven by the main account’s aggressive position-building, the net long exposure of Loracle’s 8 associated addresses has surged from approximately $61.32 million at last night’s U.S. stock open to $79.43 million, a net increase of around $18.11 million. In addition, the account group’s existing short positions remain unchanged. Short positions in NEAR, PEPE, and Oracle saw no adjustments, with current values of approximately $16.84 million, $8.86 million, and $1.93 million respectively; Loracle’s main account’s roughly $8.11 million short position in HYPE also remains unchanged. After accounting for minor adjustments to other sub-accounts, the total value of short positions across the 8 associated addresses stands at approximately $38.9 million, a slight increase of around $370,000 from last night.