Odaily Planet Daily reports, according to on-chain analyst Yujin, SPCX's total market capitalization has reached $2.8 trillion. As SPCX rose to $214 in after-hours trading, the largest SPCX short position on Hyperliquid is now underwater by $4.46 million. This address opened a short position of 111,000 SPCX shares at $173, worth $23.75 million, with a liquidation price of $249.
Hyperliquid's Largest SPCX Short Position Suffers a $4.46M Loss
KuCoinFlashShare
Summary
On-chain data shows that Hyperliquid’s largest SPCX short position is now facing a $4.46 million unrealized loss. The position, opened at $173 for 111,000 SPCX, totaled $23.75 million, with a liquidation price of $249. On-chain analysis reveals the position has been significantly exposed to recent price movements.
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