Hyperliquid Storage Trio Top Orders: $23.7M in buy bids await price drop

ME News report, August 3 (UTC+8): According to TradingBeats (formerly Hyperinsight), among Hyperliquid’s three major storage-related assets—SKHX, MU, and SNDK—the three whale addresses with the highest single-order values have collectively placed 158 limit buy orders, totaling approximately $23.676 million in planned investment. All three are waiting for storage stock prices to decline: SKHX·Short (0xb37f): Currently no position; Placed 10 buy orders in the range of $991.22 to $1,016.60, aiming to go long 9,968.5 SKHX shares, worth approximately $10 million, with a weighted average order price of ~$1,003.20—this range is 7.3% to 9.7% below the current price of $1,097.20. MU·Reversal (0x469e): Currently short 1,822.2 MU shares, valued at ~$1.523 million, with an average entry price of $742.30 and an unrealized loss of ~$170,000; Placed 84 buy orders in the range of $600 to $805.17, aiming to purchase 11,800 shares, with a notional value of ~$8.306 million; if fully filled—the plan is to first close the existing short position, then establish a long position of approximately 10,000 MU shares. SNDK·Dollar-Cost Averaging (0xdb09): Currently long 6,353.3 SNDK shares, valued at ~$7.893 million, with an average entry price of $1,365.90 and an unrealized loss of ~$785,000; Placed 64 buy orders in the range of $523 to $968.45, aiming to add 7,379.5 shares, with a notional value of ~$5.37 million; the deepest order is ~57.9% below the current price—if fully filled, the position will increase to ~13,700 shares, reducing the overall average entry price to ~$1,022.90. (Source: BlockBeats)