According to a June 11 report from TechFlow, on-chain analyst Onchain Lens (@OnchainLens) monitored a new leveraged position opened by whale address 0x9cc on HyperLiquid. The address established a long position in SPCX totaling 23,056 tokens, using 2x leverage. The position is valued at approximately $3.69 million.
The position was opened as SpaceX is expected to be listed within the next 48 hours. The available information states that the company plans to set its stock offering price at $135, while the current leveraged trading price for SPCX on HyperLiquid is $162.5. The difference between the planned offering price and the leveraged trading price is a key detail in the on-chain monitoring update.
The position direction is long, which generally refers to a trade positioned for price appreciation. Onchain Lens disclosed the wallet address, the size of the SPCX position, the leverage level, the approximate position value, and the relevant price figures. No further trading plan from address 0x9cc was included in the reported data.