Binance users doubled their flows to artificial intelligence (AI) memory stocks to $133 million last week, concentrating capital into a key theme even as the sector sold off.
The move ran against the tape. Memory names were selling off, yet SanDisk (SNDK) and Micron (MU) together accounted for 79% of net equity inflows on the platform.
The figures come from Binance Research, whose weekly fund flow report covers the week ending July 8. Total net flow reached $169.2 million, down 12% from the prior week.
The decline reflects the July 4 holiday, which left only four US trading sessions. On a per-session basis, demand actually rose.
Technology attracted $191 million in inflows, accounting for 113% of the week's $169 million net total. AI memory doubled to $133 million, making it the largest theme. SanDisk took $67 million, and Micron Technology took $66 million.
The move ran against the tape. Memory names were selling off, yet SanDisk (SNDK) and Micron (MU) together accounted for 79% of net equity inflows on the platform.
The figures come from Binance Research, whose weekly fund flow report covers the week ending July 8. Total net flow reached $169.2 million, down 12% from the prior week.
The decline reflects the July 4 holiday, which left only four US trading sessions. On a per-session basis, demand actually rose.
Technology attracted $191 million in inflows, accounting for 113% of the week's $169 million net total. AI memory doubled to $133 million, making it the largest theme. SanDisk took $67 million, and Micron Technology took $66 million.
19 days ago
