Gate News reports that on March 7, on-chain data shows that Continue Capital was liquidated on Hyperliquid for two positions: 10,000 SNDK (approximately $5.1 million) and 22,300 MU (approximately $8.2 million). The liquidation caused SNDK to drop 5.8% after close, and MU to fall 2.6%.
Currently, MU is 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%. Continue Capital still holds a long position of 17,000 MU (about $6.2 million), with a liquidation price of $352, only 2.8% below the current price.
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