The Google compression technology paper continues to ferment, and the on-chain whale that accurately shorted storage stocks has expanded its floating profit to $250,000.

BlockBeats news, on March 27, Google's compression technology paper continues to ferment, and the decline in storage concept stocks persists. MU (Micron Technology) has fallen for six consecutive trading days, closing down 6.97% today, with a cumulative decline of nearly 25%; SNDK (SanDisk) closed down 11.02% today, with an intraday low that briefly fell below $600.

According to monitoring by Hyperinsight, a whale (0x61c) that shorted before the release of Google's related paper on the 25th has seen their floating profit expand to $250,000, with a return rate of 30%. They currently hold a total of about $2.98 million in MU and SNDK short positions, with average prices of $389.2 and $673.8, respectively, and have not yet taken profits.