BlockBeats reported on Aug. 3, citing monitoring data from TradingBeats, formerly Hyperinsight, that the three largest single-address order placers in Hyperliquid’s order book for storage names SKHX, MU, and SNDK have set 158 limit buy orders worth a combined $23.676 million.
The common setup across the three addresses is clear: each is waiting for storage-related names to pull back before adding exposure.
SKHX: no current position, bids placed below market
Address 0xb37f currently holds no position. It has placed 10 buy orders between $991.22 and $1,016.60, aiming to go long 9,968.5 SKHX shares for about $10 million in notional value. The weighted order price is about $1,003.2.
According to the data cited by TradingBeats, that order range is roughly 7.3% to 9.7% below the current price of $1,097.2.
MU: short now, but bids suggest a reversal to long
Address 0x469e is currently short 1,822.2 MU shares, valued at about $1.523 million. Its average entry price is $742.3, with an unrealized loss of around $170,000.
At the same time, the address has placed 84 buy orders between $600 and $805.17, targeting 11,800 MU shares with notional value of about $8.306 million.
If all of those orders are filled, the plan is to close the existing short first and then flip to a long position of about 10,000 MU shares.
SNDK: averaging down an existing long
Address 0xdb09 is already long 6,353.3 SNDK shares, valued at about $7.893 million. Its average entry price stands at $1,365.9, and the unrealized loss is about $785,000.
The same address has also placed 64 buy orders between $523 and $968.45 to add 7,379.5 shares, representing about $5.37 million in notional value. The deepest bid is about 57.9% below the current price.
If all orders are executed, the position would increase to about 13,700 shares, and the blended entry price would fall to about $1,022.9.