Tesla’s new-generation Roadster presentation on Oct. 16 featured rocket-style propulsion technology developed with SpaceX, putting the engineering link between the two companies back in focus. According to TradingBeats, the SPCX contract on Hyperliquid climbed to $152.95 after the event began in the morning, up about 2.55%.
The move lifted the unrealized profit of the largest on-chain SPCX long back to roughly $1.583 million, or 145.9%. The whale’s current long position is valued at about $12.435 million, with an average entry price of $133.479. TradingBeats data also showed the account’s paper profit increased by about $309,000 after the Roadster event started.
The monitored address, 0x519c, had reportedly been building the long position gradually since early August, when the price was still around the area above $100. The account completed its current position size by late August.
Tesla’s new-generation Roadster event on Oct. 16 showcased rocket-style propulsion technology developed with SpaceX. The vehicle used built-in thrusters to perform brief lift-off, mid-air rotation and landing, highlighting engineering cooperation between Tesla and SpaceX.
According to TradingBeats, the SPCX contract on Hyperliquid rose to $152.95 after the Roadster presentation began in the morning, a gain of about 2.55%.
As the price rebounded, the largest on-chain holder of a long SPCX position saw unrealized profit recover to about $1.583 million, equal to 145.9%. The whale’s current SPCX long is worth about $12.435 million, with an average entry price of $133.479.
Since the event started, the account’s paper profit has increased by about $309,000, with the monitored address identified as 0x519c.
The account had been building its long position gradually since early August, when the price was still around the area above $100, and completed the current position size by late August.
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