HuoXing Finance reports that on June 13, according to on-chain analyst Yujin, the largest SPCX long position on Hyperliquid has largely closed its SPCX longs, failing to profit and instead incurring a loss of approximately $300,000. The address had accumulated SPCX long positions worth about $36.4 million on Hyperliquid prior to SPCX’s listing, at an average entry price of $171.40. After SPCX’s opening, the price remained near this level without further upward movement. Over the past several hours, the address gradually closed its positions at an average price of $169.80, resulting in a loss of approximately $300,000.
Hyperliquid's largest SPCX long position closes with a $30 million loss.
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Summary
On-chain data shows that Hyperliquid’s largest SPCX long position was closed on June 13 with a $30 million loss. The position, opened at $171.4 prior to listing, totaled $36.4 million. On-chain analysis reveals the token opened near $171.4 but failed to gain momentum, resulting in liquidation at $169.8.
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