Contracts tied to Micron, SK Hynix, and SanDisk on Hyperliquid have all fallen sharply from the highs reached after the late-July rebound, according to TradingBeats data cited by BlockBeats on Oct. 16. Among the three, Micron showed the smallest drawdown, while SK Hynix gave back the most of its gains.
Micron (MU) fell from its Oct. 2 high of $1,114.90 to $923.62, a cumulative decline of about 17.16%. SanDisk (SNDK) dropped from its Sept. 22 high of $1,908 to $1,378.40, down roughly 27.76%, or about 10.60 percentage points more than Micron. SK Hynix (SKHX) slid from its Sept. 10 high of $1,438.40 to $958.73, a drawdown of about 33.35%, the largest among the three and about 16.19 percentage points weaker than Micron.
The earlier rebound phase showed a different ranking. Using the sector’s July 31 intraday lows as the baseline, SanDisk had posted the strongest rebound at about 60.27%, followed by SK Hynix at 38.73% and Micron at 36.14%.
Contracts tied to Micron, SK Hynix, and SanDisk on Hyperliquid have all pulled back sharply from the highs reached after the rebound that began in late July, according to TradingBeats data cited by BlockBeats on Oct. 16.
Among the three, Micron has held up the best in the current decline, while SK Hynix has posted the largest retreat.
Drawdowns from recent highs
Micron (MU) fell from its Oct. 2 high of $1,114.90 to $923.62, for a cumulative drawdown of about 17.16%, the smallest of the group.
SanDisk (SNDK) dropped from its Sept. 22 high of $1,908 to $1,378.40, a decline of about 27.76%, which is roughly 10.60 percentage points deeper than Micron’s pullback.
SK Hynix (SKHX) slid from its Sept. 10 high of $1,438.40 to $958.73, for a drawdown of about 33.35%. That was the largest decline among the three, trailing Micron by about 16.19 percentage points.
Earlier rebound showed a different leader
The ranking was different during the earlier rebound. SanDisk, which now sits in the middle on drawdown size, had been the strongest performer, while Micron posted the smallest gain.
Using the sector’s July 31 intraday lows as the reference point, SanDisk’s rebound to its stage high reached about 60.27%, compared with about 38.73% for SK Hynix and about 36.14% for Micron.
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