Hyperliquid Equity Contracts Log $23.65 Million in Long Losses

Traders on Hyperliquid realized about $23.65 million in losses after reducing or closing 121 million-dollar-plus long positions in U.S. equity-linked contracts, with SanDisk contracts accounting for 35.6% of the total. At least 83 addresses were involved, and at least six addresses each recorded more than $1 million in cumulative losses. The contracts covered individual stocks, indexes and exchange-traded funds (ETFs). Index and ETF contracts accounted for 51 loss-making reductions or closures, 42.1% of the 121 positions, but produced $3.26 million in losses, or 13.8% of the total. S&P 500 contracts had 19 such exits and Nasdaq 100 contracts had 15, for 34 combined. SanDisk (SNDK) contracts produced $8.42 million in realized losses across seven positions. That exceeded the $3.26 million recorded across all 51 index and ETF exits.

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