ME News report, July 21 (UTC+8): According to Hyperinsight monitoring, SPCX on Hyperliquid continues to decline, currently trading at $120.66, down 47.5% from its previous high of $230. SpaceX previously priced its IPO at $135 per share and is now trading approximately 10.6% below the offering price; today’s intraday low reached $119.70. The whale address starting with 0x899c, previously tracked, initiated a long position in SPCX just before the anticipated inclusion in the Nasdaq 100 index. For over a month since, this address has made no additional trades—its position remained unchanged through the利好 being priced in, as well as through the subsequent sustained decline and breach of the IPO price. The position is now nearing liquidation, with only about $4 of buffer remaining. On the morning of June 15, this whale purchased 16,082.2 SPCX tokens and has not altered the position size since. As of publication, it holds this long position with 3x isolated leverage, with a current position value of approximately $1.94 million and an unrealized loss of about $756,000, resulting in a return rate of approximately -84.1%; the liquidation price is around $116.60. The account currently holds only about $111,500 in margin, all of which is allocated to maintaining this position. Transaction records indicate this whale is a left-side trader: it previously profited $620,000 from a long BTC position in early March; however, subsequent long positions in crude oil and now SPCX have fully erased those gains. Previous report: A whale fully invested $2.72 million in a long SPCX position, anticipating a price surge ahead of its expected inclusion in the Nasdaq 100 index (Source: BlockBeats)
SpaceX stock falls 10.6% below IPO price, whale near liquidation
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Summary
The price of SpaceX (SPCX) fell 10.6% below its IPO price of $135, reaching $119.7 as of July 21 (UTC+8). Whale trading activity is under scrutiny as a major holder, tracked under address 0x899c..., faces near-liquidation. The whale had taken a long position in SPCX ahead of its Nasdaq 100 inclusion, using 3x leverage. The position, initially valued at $1.94 million, now shows a $756,000 unrealized loss and an -84.1% return. With only $4 remaining before liquidation at $116.6, the account holds $111,500 in margin, entirely allocated to this trade.
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