SPCX Surges 9.5% as Whale Opens $27.4M Long Position

SPCX rebounds 9.5% to $114.69 while seven large addresses accumulate $27.4M in longs. One whale leverages 20x on $169M position, facing liquidation risk near $105.

Woofun AI data shows that SPCX price action reversed sharply, climbing 9.5% from recent lows to trade at $114.69, marking a 5.5% gain over the preceding 24 hours.

On-chain monitoring reveals that seven high-value addresses initiated long positions totaling 238,800 tokens, valued at approximately $27.386 million, with a weighted average entry of $112.0 and unrealized gains of $636,000. The most significant activity originated from address 0xb37, which executed 83 transactions early this morning to acquire 147,500 SPCX tokens, generating a transaction volume of roughly $169.58 million at an average price of $114.96. This entity currently maintains a $169.18 million long position using 20x leverage, representing their sole open trade. Despite the broader market rebound, this specific position holds an unrealized loss of $40,000 (-5.

1%), constituting 61.8% of the aggregate long exposure across the seven identified addresses. The liquidation threshold sits at $105.43, merely 8.1% below current levels and proximate to the previous night's low of $105, exposing the whale to immediate liquidation risk if prices revert. Funding flows indicate the address received 1,449,000 USDC yesterday morning, followed by a 350,000 USDC top-up during the morning trading session, bringing recent deposits to $1.799 million. Historical data traces the address's activity back to July 10th, noting trades across 21 assets including semiconductors and crude oil, yielding a total realized profit of approximately $572,000.