TechFlow News: On March 7, according to MLM monitoring, on-chain data shows that Continue Capital was liquidated on Hyperliquid—10,000 SNDK tokens (approximately $5.1 million) and 22,300 MU tokens (approximately $8.2 million). This liquidation caused SNDK to close down 5.8% and MU to fall 2.6%. MLM notes 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%. Continue Capital currently holds a long position of 17,000 MU tokens (approximately $6.2 million), with a liquidation price of $352—just 2.8% below the current price.
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