Continue Capital has been liquidated on Hyperliquid, losing positions worth $13.3 million in SNDK and MU tokens. The liquidation involved 10,000 SNDK, valued at approximately $5.1 million, and 22,300 MU, valued at around $8.2 million. This event led to a 5.8% drop in SNDK's price and a 2.6% decline in MU.
Despite the liquidation, Continue Capital maintains a long position of 17,000 MU, valued at approximately $6.2 million, with a liquidation price set at $352, just 2.8% below the current market price. MU is trading at a 2% discount with an annualized funding rate of -400%, while SNDK is at a 2.6% discount with a 650% annualized funding rate.
Continue Capital Faces $13.3M Liquidation on Hyperliquid
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