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Samsung workers' strike unexpectedly boosts Micron's market value past 900 billion, driving Hyperliquid's daily trading on MU to $140 million.
BlockBeats News, May 14 — According to Hyperinsight monitoring, over 50k Samsung workers threaten to launch an 18-day full strike starting May 21, and the news quickly gained traction. The market estimates that this strike could impact about 3% of the global memory chip capacity, directly benefiting competitor Micron Technology (MU), which rose by 4.8% in the session, with its market capitalization surpassing 900 billion USD for the first time at the close.
The strong news sentiment has driven on-chain trading activity to heat up simultaneously. On the Hyperliquid platform, MU contracts’ trading volume today surged to $140 million, with open interest rising to $152 million. It has entered the top ten in trading volume on the platform and is also the most traded contract among U.S. stocks outside the three major indices.
The largest MU long whale on-chain has leveraged 3x to go long 22,188 MU tokens, with a position value of approximately $17.7 million. After two weeks of building the position, today’s unrealized profit has reached $4.9 million (+62%).
Address: 0x577ae91c7b74f04ddb3a5b399ded8318e9895fd2