Odaily Planet Daily reports that SPCX on Hyperliquid briefly dropped over 2%, with the price currently at $197.5. SPCX is a pre-market perpetual contract for SpaceX issued by Trade.xzy under HIP-3 market. As SPCX declined, Hyperliquid’s pre-market valuation of SpaceX fell below $2.4 trillion, to approximately $2.34 trillion. (Valuation formula: SPCX price × estimated shares outstanding of 11.87 billion)
Hyperliquid SpaceX pre-market valuation falls below $2.4 trillion
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Summary
On-chain data shows SPCX on Hyperliquid dropped over 2%, briefly touching $197.5. SPCX is a SpaceX pre-market perpetual contract on the HIP-3 market issued by Trade.xzy. Following the decline, SpaceX’s pre-market valuation on Hyperliquid fell below $2.4 trillion to approximately $2.34 trillion. On-chain analysis using the valuation formula (SPCX price × 11.87 billion estimated shares) confirms the decrease.
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