A trader shorting the U.S. stock memory sector incurred a floating loss of $2.47 million, nearing the liquidation price.

According to on-chain analyst Ai Aunt (@ai9684xtpa), NMTD.HL (@NMTD8) has accumulated $15.2 million in short positions on U.S. memory-sector stocks, currently facing a floating loss of $2.47 million—approaching its liquidation price. These short positions include $11.22 million on SanDisk (SNDK), $2.54 million on Advanced Micro Devices (AMD), and $1.45 million on Micron Technology (MU). Additionally, on May 1, it posted that it is awaiting a 40% plunge in SNDK’s stock price.