According to BlockBeats citing Hyperinsight monitoring, Samsung workers representing over 50,000 employees threatened on May 14 to launch an 18-day strike starting May 21. The threat is expected to impact about 3% of global memory chip production, directly benefiting competitor Micron Technology, which surged 4.8% to close above $900 billion in market capitalization for the first time.
The news drove on-chain trading activity higher. MU perpetual futures on Hyperliquid platform saw trading volume surge to $140 million today, with open interest rising to $152 million, ranking in the platform's top 10 by volume and becoming the largest non-index U.S. equity contract on the platform.