TradingBeats, formerly Hyperinsight, said on Aug. 25 that the three major storage-linked names on Hyperliquid posted sharply different returns over the past seven days, reshuffling the short-term leaderboard. SKHX rose from $1,180.3 to $1,219.6, a gain of about 3.3%. Over the same period, MU fell from $990.83 to $929.35, down roughly 6.2%, while SNDK dropped from $1,726.2 to $1,526.1, a decline of about 11.6%.
That left SKHX outperforming SNDK by about 14.9 percentage points over the seven-day window, with leadership in the storage segment shifting from SNDK to SKHX. TradingBeats said the turn began around Aug. 18. The SNDK/SKHX ratio had fallen to a low of 1.027 on July 29, then climbed to 1.475 by Aug. 18, up about 43.6% during that stretch. The ratio has since retreated 15.2% from that peak, showing that SNDK’s earlier relative advantage has narrowed.
On a longer horizon, SNDK still leads since the storage rebound began nearly 30 days ago. Over that span, SNDK is up about 5.1%, while MU is down about 0.9% and SKHX is down about 0.8%. TradingBeats also noted that Micron has started to catch up with SanDisk on a relative basis: the MU/SNDK ratio rose about 6.1% over the past week, while the MU/SKHX ratio fell about 9.2%.
TradingBeats, formerly Hyperinsight, said on Aug. 25 that the three major storage names on Hyperliquid showed a clear split in performance over the past seven days, changing the short-term pecking order to SKHX, MU and SNDK.
SKHX rose from $1,180.3 to $1,219.6 over the period, a gain of about 3.3%. MU fell from $990.83 to $929.35, down about 6.2%. SNDK dropped from $1,726.2 to $1,526.1, a decline of about 11.6%.
Based on those moves, SKHX outperformed SNDK by about 14.9 percentage points over the same seven-day span, and short-term leadership in the storage segment shifted from SNDK to SKHX.
According to TradingBeats, the change began around Aug. 18. The SNDK/SKHX ratio fell to a low of 1.027 on July 29, then climbed steadily to 1.475 on Aug. 18, marking growth of about 43.6% during that stretch. The ratio has now pulled back 15.2% from that high, indicating that the relative advantage built up earlier has narrowed sharply.
Looking at nearly 30 days since the storage rebound began, SNDK still has the strongest cumulative performance among the three. SNDK is up about 5.1% over that period, while MU is down about 0.9% and SKHX is down about 0.8%.
TradingBeats also said Micron has started to catch up with SanDisk on a relative basis. The MU/SNDK ratio rose about 6.1% over the past seven days, while the MU/SKHX ratio fell about 9.2% over the same period.
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