- 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 crypto traders, since splitting positions helps keep total exposure under the radar.
Wallets Hold Over 9,000 MU Contracts
Data shows that each wallet has a historical win rate over 60%, with a steady trading style and controlled losses. Since June, the three wallets have racked up roughly $1.8 million in profits. On top of that, all three wallets got fresh capital in June, and two of them only started trading in the last month.
The three wallets were identified as 0xf8a, 0xd5c, and 0xf2d. Together, they hold 9,027 MU contracts worth about $10.3 million, with an average entry of $1,156 and a liquidation price around $938.
Despite entering long positions, the whales were not immediately profitable. When the data was first released, MU had dipped, and the combined position was showing about 15% in unrealized losses.
Interestingly, last week, on June 22, another notable MU trading activity took place. Namely, a whale took a 10x leveraged long on MU, putting approximately $10.6 million into the trade at an average entry of 1,169.1.
Why MU (Micron Technology)?
Micron Technology is the top maker of DRAM, NAND flash storage, and high‑bandwidth memory (HBM), all of which are essential for AI hardware. With AI server demand exploding from giants like Nvidia, Microsoft, Amazon, Meta, and Google, Micron has become one of Wall Street’s go‑to AI infrastructure picks for 2026.
In fact, the company has become one of Hyperliquid’s most actively traded equity products. For instance, in late May 2026, it hit an intraday peak of $985 with $66.6 billion in volume on the US stock market. This made MU the fifth most actively traded contract on Hyperliquid.
Additionally, in May, it also surpassed gold’s OI (open interest), reaching $145 million.
Related: Singapore’s MAS Adds Hyperliquid to its Investor Alert List
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
