Bullish

Hyperliquid Whales Deploy $23.6M in Limit Buys for SKHX, MU, and SNDK

2026-08-03 15:48:13

Three major Hyperliquid addresses have placed 158 limit buy orders totaling $23.676M across SKHX, MU, and SNDK, targeting price pullbacks to accumulate or reverse positions.

Woofun AI data shows that order book analysis on Hyperliquid reveals three whale addresses collectively deploying approximately $23.676 million in limit buy orders for SKHX, MU, and SNDK. The address 0xb37f holds no position in SKHX but has set 10 buy orders between $991.22 and $1016.60, aiming to long 9,968.5 shares worth roughly $10 million at a weighted average price of $1003.2, which is 7.3% to 9.7% below the current price of $1097.2.

Meanwhile, address 0x469e currently holds a short position of 1,822.2 MU shares valued at $1.523 million with an unrealized loss of $170,000; it has placed 84 buy orders ranging from $600 to $805.17 to purchase 11,800 shares for approximately $8.306 million, intending to close the short and reverse into a long position of about 10,000 shares.

Additionally, address 0xdb09 holds a long position of 6,353.3 SNDK shares worth $7.893 million with an unrealized loss of $785,000, and has placed 64 buy orders between $523 and $968.45 to add 7,379.5 shares for $5.37 million, potentially lowering the average entry price to $1022.9 if filled.

WOOFUN AI

Impact Assessment · Quick Read

The concentration of significant capital in limit orders suggests strong conviction among large traders regarding near-term support levels for these storage-related assets. By placing bids well below current market prices, these whales are effectively providing liquidity at discounted rates, which may stabilize prices during dips. The strategic reversal plans for MU and SNDK indicate a belief that current losses are temporary and that lower entry points offer improved risk-reward ratios for long-term holdings.
Generated by WOOFUN AI · For reference only, not investment advice

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