Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
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
Earn
Launch
CandyDrop
tag
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
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
Gate Card
Rewards
Square
Latest
Hot
News
Profile

Hyperliquid Whales Bearish on SpaceX's Implied Valuation Before IPO, $137 Billion Discrepancy in Pre-IPO Contracts

AirdropBlackHole
On May 25, data from Hyperinsight revealed that there are 7 whales holding over $1 million in SPCX on Hyperliquid, all of whom are short positions. The three largest whales have positions exceeding $3 million, with 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 shorting 19,022 SPCX contracts with 5x leverage, with a position value of about $3.95 million, an entry average price of $204.1, and a current contract price of $207.9, resulting in an unrealized loss of about $70,000 (-5%). It is reported that there is a price discrepancy in the implied market values of the two major SpaceX Pre-IPO contracts currently available on Hyperliquid: SPCX/USDC (trade.xyz deployment): launched on May 18, with a current price corresponding to a valuation of approximately $2.467 trillion (based on a fully diluted reference equity of 11.87 billion shares), daily trading volume exceeding $162 million, and an open interest of $46.05 million; SPACEX/USDH (Ventuals deployment): launched on November 13 last year, with a current price corresponding to a valuation of approximately $2.33 trillion (with each contract unit corresponding to a market value of $1 billion), and an open interest of about $4.61 million. - The HyperInsight Bot is now live. Add @HyperInsightBot to your community and set it as an administrator (message sending permission must be enabled) to automatically sync on-chain information.
SPCX0.23%
SPACEX-0.12%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments

  • Pinned

Sitemap