Whale Opens $17M SPCX Long on Hyperliquid Ahead of IPO
2026-06-12 09:17

Monitored by Woofun AI, a significant market participant established a long position in SPCX valued at $17 million on Hyperliquid. The trade executed at an average entry price of $165.7 per share, positioning this entity as the largest holder under the specific agreement.

This accumulation occurs just prior to SpaceX's public listing tonight, with the initial offering price set at $135. The substantial premium paid by the whale relative to the IPO price suggests strong bullish sentiment or hedging strategies within the derivatives market.

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SPCX
Hyperliquid
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