According to MLM monitoring, on-chain data shows that Continue Capital was liquidated for 10,000 shares of SNDK (approximately $5.1 million) and 22,300 shares of MU (approximately $8.2 million) on Hyperliquid. This liquidation caused SNDK to drop about 5.8% in after-hours trading and MU to fall about 2.6%. MLM pointed out that MU is currently trading at about a 2% discount, with an annualized funding rate of approximately -400%; SNDK is trading at about a 2.6% discount, with an annualized funding rate of around -650%. Currently, Continue Capital still holds about 17,000 shares of MU long positions (approximately $6.2 million), with a liquidation price of around $352, only about 2.8% below the current price.

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