TechFlow reported on June 13 that, according to monitoring by on-chain analyst Yu Jin (@EmberCN), the largest $SPCX long whale on Hyperliquid has recently completed the closure of its position. The address had built a sizable long position in $SPCX before the token’s listing and has now exited the trade.
The monitored data shows that the address established a $SPCX long position worth $36.4 million on Hyperliquid, with an average entry price of $171.4. As the largest $SPCX long address on the platform, its position change was captured by on-chain tracking.
After $SPCX opened for trading, its price did not continue the earlier upward move. The whale then closed the position in stages, with a final average exit price of $169.8. Based on the monitoring data, the trade resulted in a loss of about $300,000.