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Hyperliquid Notes Pre-Market Gains in SNDK and MU as Whale Adds Leveraged Long

Hyperliquid showed Micron and SanDisk hitting record highs in pre-market trading, while large on-chain positions in both stocks posted more than $1 million each in unrealized profit.

HYPE

Summary

Hyperliquid data showed Micron (MU) up 6% and SanDisk (SNDK) up 4.8% as both names reached record highs in pre-market trading. A whale address built a $7.4 million long position in SNDK at an average entry of $630, with unrealized profit of about $1.1 million. A Continue Capital-linked address, identified as 0x3e3, held a $7.1 million MU long with unrealized profit of $1.33 million. The update points to larger and more profitable chip-sector positions than previously noted on the platform.

Terms & Concepts
  • Long position: A trade that gains value when the underlying asset’s price rises.
  • Unrealized profit: The paper gain on an open trade that has not been realized through closing the position.
  • Leverage: Borrowed exposure used to increase the size of a position, magnifying both gains and losses.