Binance Traders Buy the Dip Nobody Asked For: $133M Into a Memory Chip Wipeout 🧠

Binance users doubled their inflows into AI memory stocks to $133 million during the week ending July 8, directing capital into a sector that was actively selling off, according to Binance Research's weekly fund flow report. Total net equity flow on the platform reached $169.2 million, down 12% from the prior week, a decline the report attributes to the July 4 holiday that shortened the week to four US trading sessions. On a per-session basis, inflows climbed.

Technology drew $191 million, or 113% of the week's net total. Within that, AI memory was the largest theme at $133 million, with SanDisk (SNDK) receiving $67 million and Micron Technology (MU) receiving $66 million. Together the two names accounted for 79% of net equity inflows on the platform.

The buying came as prices fell. SNDK dropped 14% on July 2 following chip-sector headlines that included a report on Anthropic developing its own AI chip and a sell-off around Samsung's guidance day. "Memory doubled through a drawdown triggered on 2 July by chip-sector headlines, including a report that Anthropic is developing its own AI chip, and extended by Samsung's guidance-day sell-off," Binance Research wrote.

The capital was funded by selling the trade's periphery. Robotics and space saw $38 million and $31 million in outflows, respectively, the largest theme outflows on record for the platform. "Users bought the whole drawdown while selling their event winners: Tesla after blowout deliveries, SpaceX into its Nasdaq-100 inclusion," the report added. Industrials reversed by $59 million over the week, pointing to concentration in memory rather than rotation across AI.

Binance users sided with sell-side analysts over hedge funds, which have been reported as net sellers of chip stocks for a fourth straight week. Leverage told a different story: the leveraged Micron ETF (MUU) fell 72% even as cash Micron flows doubled, suggesting users added exposure while cutting risk. Binance Research identified SK Hynix's planned Nasdaq debut on July 10 as the next major test for memory flows, noting it could broaden investor interest or divert capital from Micron and SanDisk.