Micron Technology Becomes a Cash Cow for Stock Market: A Certain On-Chain Trader Nails Micron's Surge, Making Over 10x Profits in One Month

BlockBeats News, June 1st, according to Hyperinsight monitoring, Micron Technology (MU) price continued to rise in after-hours trading, up 4.1%, breaking through the $1000 mark for the first time. On the Hyperliquid platform, MU (Micron Technology synthetic asset) achieved a daily trading volume of $41.1 million, with a total value locked surpassing $176 million.

As the stock price kept rising, long positions on Hyperliquid enjoyed increasing gains. A trader opened a leveraged long position on MU 39 days ago with 10x leverage when MU's price was around $500, entering the trade with just $189,000. At the time of writing, this long position has unrealized gains of $1.9 million, achieving over 10x ROI and becoming the largest profit address on MU on Hyperliquid.

Address: 0xcf67e4da9e9cd38c0afd26338d0fbddb3036eb24

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