ME News reports that, as of July 16 (UTC+8), according to Hyperinsight monitoring, SPCX was officially added to the Nasdaq 100 Index prior to the opening of U.S. equities trading on July 7. The address beginning with 0xf929 took a short position the day before the news broke, anticipating that the利好 had already been priced in; it established its position on the afternoon of July 6 and continued adding to it until the morning of July 10. Currently, this SPCX short position consists of 1,005 open trades at an average price of $163.10, totaling approximately 44,000 short contracts. As of publication, SPCX is trading at $136.50, resulting in an unrealized profit of $1.167 million for this address—a return of 327.2%—with a liquidation price around $202.70. The market currently anticipates that SpaceX (SPCX) will release its first quarterly earnings after market close on August 6 (EDT). The first batch of lock-up expirations is expected to occur at the open on August 10 (allowing the sale of 20% of locked shares; an additional 10% may be unlocked if performance targets are met), followed by the first fixed 7% unlock around August 21. In addition to SPCX, this address has also realized significant gains on its ETH long position. It purchased 4,000 ETH on July 2 and currently holds a fully leveraged long position of approximately $7.702 million at a 20x multiplier, with an average entry price of $1,658.70. The current unrealized profit stands at about $1.067 million, yielding a return of approximately 321.6%. Beyond these two high-return positions, this address began accumulating SK Hynix earlier last night and continued adding to its position this morning. This round has accumulated a total of 5,000 long contracts with a total transaction value of approximately $6.566 million; it now holds a fully leveraged 10x position at an average price of $1,313.20, with an unrealized loss of about $351,000. (Source: BlockBeats)
Smart money shorted SPCX before Nasdaq inclusion, earning a 327% profit.
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Summary
A whale address starting with 0xf929 used on-chain trading signals to short SPCX prior to its Nasdaq 100 inclusion on July 7, 2026. The position was accumulated from July 6 to July 10 at an average price of $163.1. By July 16, SPCX had declined to $136.5, yielding a 327.2% profit of $1.167 million. The first share unlock is expected around August 10, with a 7% unlock occurring on or around August 21.
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