Continue Capital liquidated 10,000 SNDK and 22,300 MU on Hyperliquid, valued at $13.3 million

Odaily News According to MLM monitoring, on-chain data shows that Continue Capital was liquidated on Hyperliquid for positions of 10,000 SNDK (approximately $5.1 million) and 22,300 MU (approximately $8.2 million). This liquidation caused SNDK to drop 5.8% and MU to drop 2.6% after the close. MLM noted that 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), with a liquidation price of $352, which is only 2.8% below the current price.