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Continue Capital liquidates 10,000 SNDK and 22,300 MU on Hyperliquid, totaling $13.3 million
Summary: According to reports, Continue Capital was liquidated on Hyperliquid, selling 10,000 SNDK (approximately $5.1 million) and 22,300 MU (approximately $8.2 million). This liquidation caused SNDK to drop by 5.8% and MU by 2.6% after closing. MU is still trading at a 2% discount with an annualized funding rate of -400%; SNDK is trading at a ...
According to reports, Continue Capital was liquidated on Hyperliquid, selling 10,000 SNDK (approximately $5.1 million) and 22,300 MU (approximately $8.2 million). This liquidation caused SNDK to drop by 5.8% and MU by 2.6% after closing. MU is still trading at a 2% discount with an annualized funding rate of -400%; SNDK is trading at a 2.6% discount with an annualized funding rate of 650%. Currently, Continue Capital still holds a long position of 17,000 MU (approximately $6.2 million) at a liquidation price of $352, only 2.8% lower than the current price.
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Link: Continue Capital liquidates 10,000 SNDK and 22,300 MU on Hyperliquid, totaling $13.3 million [Copy]
