The selling began on Binance, where Tread.fi CEO David Jeong placed the first large SanDisk and Micron sell orders at 21:21:59 UTC, per his review of the trades. Orders reached Hyperliquid within a second, and roughly 10 addresses opened bets against six chip-linked contracts within 1.8 seconds. Binance handled about $21.9 million of SanDisk trading in the first minute versus $3.1 million on Trade XYZ. With U.S. markets shut, contracts had no real share prices to track, so traders reacted only to each other; Monday's open will reveal how far Saturday's prices strayed. Memory-chip shares had a rough week on CXMT competition concerns.

AI summary of the linked source — not editorial content.

Story signal · how it spread on X · via Elfa

as of
Spread
i
Distinct X and Telegram accounts Elfa counted behind this story’s reports, summed over the thread. Not posts, not impressions.
7 accounts

first post
Leviathan +3 d later

HYPE reaction
i
Price change from the first post to 24 hours later (Hyperliquid). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
+0.6% 24h after post

$80.60 → $81.06
BTC +0.2% same window

BNB reaction
i
Price change from the first post to 24 hours later (Hyperliquid). BTC over the same window is shown so a market-wide move is not mistaken for a reaction to this story. Not advice.
−0.4% 24h after post

$729.75 → $727.18
BTC +0.2% same window

Thread · 3 events · last update 18 Oct 00:10
  1. First reportMicron shares see a sharp intraday reversal as traders flag downside levels3 acc.
  2. UpdateMicron stock falls in weekend trading, with one post reporting another 6% decline2 acc.
  3. UpdateMicron perps on Hyperliquid fell from about $879 to $820 while U.S. markets were closed2 acc.
  4. Leviathan published this article

All times UTC.

Cited posts

  • @cvotrades 🦉cvotrades🦉First reportOn X ↗

    $MU Looks pretty top heavy here. Levels of potential reversals: $739 $608 $365 (extreme)

  • @ShardiB2 Don’t Follow Shardi B If You Hate MoneyOn X ↗

    $50 reversal on $MU this morn, wow

  • @3PeaksTrading JasonOn X ↗

    $MU 70 pts off that low and was off the one year value area high.. still has to regain 970 AVWAP from highs but constructive action todayhttps://t.co/49sfR38VqZ

Show 3 more cited posts
  • @Hyperliquid_Hub HL HUB (Community)On X ↗

    MU perps got smoked on Hyperliquid this weekend. From ~$879 to $820 while US stock markets were closed. Flood calling out the dump.

  • @TheBronxVikingOn X ↗

    $MU hmm✍️ https://t.co/INeakRiQsh

  • @liquidtrading LiquidOn X ↗

    $MU down as well. Are we getting a front run to the anniversary of black Monday?

1 more account posted about this

TradersTrader calls tracked by Elfa · not advice

Positioning · HYPE

Open1,430 open positions · 1,346 long · 84 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 18 Oct 06:39 UTC.

Reaction since the first post

Since 15 Oct 14:34 UTC25 calls opened · 23 long · 2 short

Callers with a scored record

@MorkHood short · entry $78.63alpha −0.113 · 48% hit rate · 27 scored

Alpha, hit rate and sample size exactly as Elfa reports them.

Whole crypto market, not this story

Crowding77th percentile · vs last 28 days, 50 typical
Pulse 24h7/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.4% long · 11,271 accounts

As of 18 Oct 07:25 UTC.

Social-monitoring data, not investment advice Elfa prices Hyperliquid post text from Xas of

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