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Hyperliquid storage tokens rise as MU gains 4.6%, SNDK adds 4%

Hyperinsight said the sector led gains during Sunday overnight trading while U.S. markets were closed, with the largest holder carrying a combined $31.5 million long position across MU, SNDK and SKHYNIX.

HYPE

Summary

Hyperliquid's storage sector led gains during Sunday overnight trading while U.S. markets were closed, led by MU and SNDK, Hyperinsight said. MU rose 4.6% to $1,028, with $43 million in 24-hour volume and $260 million in open interest, while SNDK gained 4% to $2,060. The sector's largest holder was long MU, SNDK and SKHYNIX with a combined $31.5 million position.

Terms & Concepts
  • open interest: The total value of outstanding derivatives positions that have not been closed.
  • long position: A trade that profits if the price of an asset rises.
  • Hyperliquid: A crypto trading platform where the storage-sector assets in the report were traded.