Odaily reported that, according to monitoring by on-chain analyst Yu Jin, the largest SPCX long position on Hyperliquid has largely been closed. The address had held a SPCX long position worth $36.4 million and recorded a loss of approximately $300,000 after the exit.
Yu Jin said the address opened the SPCX long position on Hyperliquid before SPCX began trading, with an average entry price of $171.4. After SPCX opened for trading, the price did not continue rising, and the address proceeded to close the position in stages over the past several hours.
The disclosed average closing price was $169.8, which was $1.6 lower than the average entry price. Based on the monitoring information, the key development is that the address reduced its pre-listing $36.4 million SPCX long to a largely closed state and ended the main long trade with a reported $300,000 loss.