Bullish
Sandisk Perpetual Liquidations Hit $12.8M in One Hour, Second Only to BTC and ETH
2026-07-28 22:26:26
SNDK perpetual contracts saw $12.83M liquidated in one hour, with longs comprising $11.74M. The event ranks third on-chain after BTC and ETH.
Woofun AI data shows that Sandisk (SNDK) perpetual contracts experienced $12.8337 million in liquidations within a single hour on July 28th. Long positions accounted for $11.7405 million of the total, while short positions represented $1.0932 million. This liquidation volume was exceeded only by BTC and ETH across the network.
WOOFUN AI
Impact Assessment · Quick Read
The concentration of liquidations in SNDK highlights significant leverage risk in specific altcoin perpetual markets. With longs making up over 90% of the cleared positions, the event suggests aggressive long-side exposure was unwound rapidly. While the absolute value is lower than major assets, the speed of execution indicates high volatility sensitivity in niche derivatives.
Generated by WOOFUN AI · For reference only, not investment advice
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