Bullish

Hyperliquid Top Bid Orders Surge 30.4M Across Five RWA Targets

2026-08-04 14:13

Single address places $30.4M in orders across SKHX, MU, SNDK, SPCX, and CXMT on Hyperliquid, signaling range trading ahead of earnings.

Woofun AI data shows that a single address on Hyperliquid has placed six large orders totaling approximately $30.44 million across five popular RWA targets: SKHX, MU, SNDK, SPCX, and CXMT. The only additional position order is a low-position buy for SNDK at $1187, while other orders are reduce-only sell limits set above current prices. For SNDK, priced at $1292 with a 24-hour gain of 3.4%, the address holds $5.028 million in longs and placed a $5.435 million sell order at $1397. SPCX, up 6.5% to $115.98, sees a $7.65 million sell order at $153 from an address holding $5.797 million in leveraged longs. SKHX, down 3.6% to $1072, has a $7.162 million sell order at $1305 from a holder of $5.888 million in longs. MU, trading at $830.5, features a $4.5 million sell order at $860 from an address with $9.186 million in longs. CXMT, up 2.0% to $7.984, includes a $3.195 million sell order at $12.5 from a holder of $2.043 million in longs.

WOOFUN AI

Impact Assessment · Quick Read

The concentration of $30.4 million in limit orders suggests significant hedging activity ahead of key financial reports, particularly for SNDK and SPCX. The prevalence of reduce-only sell orders indicates traders are securing profits or breakeven exits rather than accumulating new risk. This behavior may suppress upside volatility in the short term as large positions seek liquidity near resistance levels.
Generated by WOOFUN AI · For reference only, not investment advice

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