Continue Capital had 10,000 SNDK and 22,300 MU liquidated on Hyperliquid, worth $13.3 million.

According to MLM monitoring, on-chain data shows that Continue Capital had 10,000 SNDK (approximately $5.1 million) and 22,300 MU (approximately $8.2 million) positions liquidated on Hyperliquid. This liquidation caused SNDK to fall 5.8% and MU to fall 2.6% after the market closed. MLM points out 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, only 2.8% lower than the current price.