SanDisk (SNDK) Tokenized Stock Now Live on Bybit Alpha

SanDisk Corporation (Derivatives) (SNDK) has been listed on Bybit Alpha, marking the latest expansion of this tokenized stock derivative. The token, which tracks the price of SanDisk Corporation, has seen a staggering rally of over 7,100% from its April 2025 low near $27.89 to a June 2026 high above $2,021, driven by AI memory demand. However, recent price alerts show a pullback, with SNDK down approximately 1.3% in the last 24 hours and trading around $1,955.59 at the time of the Bybit Alpha announcement.

What Happened: Bybit Alpha Listing and Recent Price Action

Bybit Alpha, the exchange's platform for early-stage tokenized assets, added SNDK on June 24, 2026. This follows a series of high-profile listings: Binance Futures (tier 1) on April 3, 2026, at $695.58, Bybit Futures on April 28 at $1,057.44, and Coinbase International Futures on April 29 at $1,076.37. The token has since surged, but recent price alerts from Binance Futures and Gate Futures indicate a 5–6.6% drop over 24 hours on June 23, 2026, with prices falling from around $2,110–$2,267 to near $1,988–$1,996. A spike alert on June 18 showed an 8.8% daily gain to $2,219, highlighting the token's volatility.

Note: Brave search snippets mention a Seeking Alpha analysis rating Sandisk (SNDK) a "Strong Sell" with ~70% downside risk due to NAND market risks and a potential SK Hynix listing. This is unverified and should be treated cautiously.

Token Snapshot: SNDK Metadata

• Symbol: SNDK
• Name: SanDisk Corporation (Derivatives)
• Category: Token (DeFi, Tokenized Stock, Tokenized Assets, TradFi Assets Derivatives)
• Current Supply: 0 (infinite supply model)
• Last Known Price: $690.81 (per metadata, though recent trading shows ~$1,955)
• 24h Change: -1.31%
• Active Markets: 17
• 24h Volume: $0.00 (likely stale data; actual volume is higher)
• Platform: None (derivative token)
• Date Added: January 30, 2026

Risk Notes

• Volatility: SNDK has experienced extreme price swings, including a 7,100% rally and recent 5–6% daily drops. Traders should use strict risk management.
• Derivative Nature: This token is a derivative, not the underlying stock. It does not confer shareholder rights, dividends, or voting power.
• Liquidity Risks: Despite 17 active markets, the metadata shows zero 24h volume, suggesting potential liquidity issues or data lag.
• Market Sentiment: Third-party analyses (e.g., Seeking Alpha) flag downside risks, including a potential SK Hynix listing that could erode Sandisk's premium.

Where to Trade SNDK

SNDK is currently tradable on Bybit (Alpha). For automated trading strategies, consider using our bot: Trade with our bot.