Huo Xing Finance reports that on May 18, according to Onchain Lens monitoring, a trader shorted 5,151 SPCX tokens (SpaceX's pre-IPO perpetual contract) with 3x leverage, representing a notional value of approximately $1.07 million, with a liquidation price of $250.41.
Trader Uses 3x Leverage to Short $1.07M SpaceX Pre-IPO Perpetual Contract
MarsBitShare
Summary
On May 18, 2026, a trader shorted 5,151 SPCX perpetual futures contracts with 3x leverage, representing a notional value of approximately $1.07 million. According to Onchain Lens data, the position was set to liquidate at $250.41. The trade aims to profit from an anticipated near-term price decline in SpaceX’s pre-IPO perpetual futures market.
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