# Hyperliquid Equity Contracts Log $23.65 Million in Long Losses

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/51166
Published: 2026-11-07T23:09:47.000Z
Updated: 2026-11-07T23:09:47.000Z
Section: Investing

> At least 83 addresses cut or closed 121 positions worth $1 million or more. SanDisk contracts accounted for 35.6% of losses.

Traders on Hyperliquid realized about $23.65 million in losses after reducing or closing 121 million-dollar-plus long positions in U.S. equity-linked contracts, with SanDisk contracts accounting for 35.6% of the total.

At least 83 addresses were involved, and at least six addresses each recorded more than $1 million in cumulative losses. The contracts covered individual stocks, indexes and exchange-traded funds (ETFs).

Index and ETF contracts accounted for 51 loss-making reductions or closures, 42.1% of the 121 positions, but produced $3.26 million in losses, or 13.8% of the total. S&P 500 contracts had 19 such exits and Nasdaq 100 contracts had 15, for 34 combined.

SanDisk (SNDK) contracts produced $8.42 million in realized losses across seven positions. That exceeded the $3.26 million recorded across all 51 index and ETF exits.

SKHX Korean-share contracts and SKHY ADR contracts together had 28 loss-making cuts and $3.62 million in losses. They had the highest address and position counts among individual-stock contract combinations. Nebius, Meta and Micron contracts recorded $2.65 million, $2.17 million and $1.76 million in losses, respectively.