SpaceX’s capital adjustment has caused divergence across platforms: on a certain chain, a large SPCX long whale has lost 560,000 more than in the Rebase situation.

BlockBeats News, June 10, according to Hyperinsight monitoring, SpaceX’s recent equity adjustments have caused on-chain contract prices to deviate. Since the disclosure of the S-1/A filing on June 3, fully diluted shares have increased from about 1.187 billion to 1.308 billion, an increase of about 10%. As a result, contract prices for SPCX across various platforms have continued to fall, with Hyperliquid temporarily reporting $163.

In the face of the mismatch between equity and actual valuation, different platforms have handled it differently: one trading platform chooses to smooth prices through Rebase (contract multiplier adjusted by about 1.1 times), while trade. xyz states “not relying on market cap or total share data” and has made no adjustments.

A whale on Hyperliquid that went long with 1x leverage on the first day SPCX launched on May 18 built its position at an average price of $197, making it the largest long position. If the Rebase mechanism is used, its average position price could be lowered to about $174, with an estimated unrealized loss of $240,000; however, under trade. xyz’s pricing rules, its actual cumulative loss has already reached $800,000 (partially stopped out), which is about $560,000 more than the former.

Address: 0x9bb933d7fe63c0bbfdd92f9596ed47e25e7877a1

-HyperInsight Bot is now live. Add @HyperInsightBot to the TG community and set it as an administrator (you need to enable message-sending permissions) to automatically sync on-chain information.