ME News reports that on August 4 (UTC+8), according to monitoring by @ai_9684xtpa, a certain address canceled all SKHX limit buy orders in the $991.22 to $1,016.60 range and opened a 147,000-unit, 20x long position in SPCX following its sharp morning rebound, valued at $16.98 million at an entry price of $114.96, making it the largest SPCX position on Hyperliquid. (Source: Foresight News)
Large address cancels $10M SKHX buy orders and opens a $16.98M 20x SPCX long position.
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Summary
On August 4 (UTC+8), a large address canceled all SKHX buy limit orders between $991.22 and $1,016.60 and opened a 20x long position of 147,000 SPCX at $114.96, totaling $16.98 million. This represents the largest SPCX position on Hyperliquid. The move demonstrates a strategic approach to position trading and careful position sizing.
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