Continue Capital Liquidated for $13.3M in SNDK and MU Positions on Hyperliquid

Continue Capital had positions worth about $13.3 million liquidated on Hyperliquid, on-chain data show. The firm's 10,000 SNDK position (approximately $5.1 million) and 22,300 MU position (approximately $8.2 million) were closed, MLM reports. SNDK dropped 5.8% post-liquidation and MU declined 2.6%, with MU trading at a 2% discount with an annualized funding rate of 400% and SNDK at a 2.6% discount with a 650% rate. Continue Capital retains a long position of 17,000 MU (approximately $6.2 million) with a liquidation price of $352, 2.8% below the current market price.