Bullish
Entity Swaps $10M SKHX Cancel for $16.98M 20x SPCX Long
2026-08-04 11:05
Trader cancels $10M SKHX bids and opens $16.98M 20x SPCX long at $114.96, becoming the largest Hyperliquid SPCX position holder.
Woofun AI reports that a specific account terminated all limit buy orders for SKHX priced between $991.22 and $1,016.6. Following an earlier surge in SPCX, the entity established a long position of 147,000 units with 20x leverage, totaling $16.98 million at an entry price of $114.96. This trade currently represents the largest open position for SPCX on Hyperliquid.
WOOFUN AI
Impact Assessment · Quick Read
The shift from SKHX to a high-leverage SPCX long indicates strong short-term conviction in SPCX momentum. As the largest position on Hyperliquid, this move may influence local liquidity and volatility. Traders should monitor if this size triggers stop-loss cascades or serves as a signal for further upside.
Generated by WOOFUN AI · For reference only, not investment advice
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