Whale Opens $10M Micron (MU) Long on Hyperliquid

• HyperInsight spotted three addresses opening positions at nearly the same time.
• The wallets hold 9,027 MU contracts worth about $10.3M, with an average entry of $1,156.
• In May, MU became the fifth most actively traded contract on Hyperliquid.

According to on-chain analytics, on June 29, four whales loaded up on leveraged long MU (ticker symbol for Micron Technology) perpetuals on Hyperliquid, while only one established a short position.

HyperInsight spotted three addresses opening positions at nearly the same time, with similar setups. It was reported that they had almost the same position structure, timing, funding sources, and capital movements. Because of these similarities, it’s believed that the three wallets could all be tied to one big institutional trader or fund spreading its exposure across different addresses.

This isn’t uncommon for professional …

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