Trader Increases Position in Micron Technology with Leverage

On May 21, a trader on Hyperliquid, identified as yixie, utilized a 3x leverage to initiate a long position in Micron Technology (MU) shares. According to BlockBeats On-chain Detection, the trader continued to increase the position throughout the afternoon, with the total holding reaching 16,859 shares, valued at approximately $12.5 million. The average entry price was $750, with a liquidation price set at $526.35. Over the past week, the trader has heavily invested in the AI chip industry, focusing on stocks such as MU, AMD, SNDK, and CBRS, which are central to storage and AI computing power. This strategy has resulted in a profit of $6.858 million.