Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Hyperliquid whale bearish SpaceX pre-IPO implied valuation, with two pre-IPO contracts corresponding to a market cap difference of $137 billion
BlockBeats News. May 25, according to monitoring by Hyperinsight, there are a total of 7 whales on Hyperliquid holding more than $1 million worth of SPCX, and the top five holdings are all short positions. The three largest whales each hold more than $3 million, with their entry prices concentrated in the $204 to $205 range, corresponding to an implied valuation of SpaceX of approximately $2.42 trillion to $2.433 trillion.
The largest whale, 0xf51, is currently short 19,022 SPCX contracts with 5x leverage, with a position value of about $3.95 million. Its average entry price is $204.1, the current contract price is $207.9, and it has an unrealized loss of about $70,000 (-5%).
It is understood that there is a price spread in the implied market capitalization between the two major SpaceX pre-IPO contracts currently available on Hyperliquid:
SPCX/USDC (deployed on trade.xyz): launched on May 18, with the current price implying a valuation of about $2.467 trillion (based on fully diluted reference shares of 1.187 billion shares), daily trading volume exceeding $162 million, and open interest of $46.05 million;
SPACEX/USDH (deployed on Ventuals): launched on November 13 last year, with the current price implying a valuation of about $2.33 trillion (each contract price unit corresponds to a $1 billion market cap), and open interest of approximately $4.61 million.
-HyperInsight Bot is now online. Add @HyperInsightBot to your community and set it as an administrator (requires enabling message-sending permissions) to automatically synchronize on-chain information.