According to Arkham monitoring, the largest short seller of SpaceX labeled as “wenyu8888888” has just used all the assets in its entire account as collateral to establish a pre-IPO tokenized asset short position for SpaceX (SPCX) worth $5.7 million with 2x leverage. SpaceX is expected to officially open public market trading tomorrow.

SPCX2.67%
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PerpWhisperer
· 2h ago
Waiting for Arkham update after tomorrow's market open to see if it's a myth or a disaster scene.
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GateUser-e6dafce6
· 3h ago
Pre-IPO token liquidity was already poor to begin with—if you add leverage and short it, the liquidation line is probably very close.
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GateUser-dd8dffab
· 3h ago
SpaceX is set to go public tomorrow—could this “timing” be backed by anything, or is it just insider info or a straight-up gamble?
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SatsumaSignal
· 3h ago
Using 2x leverage is okay, but full-margin trading is a real gambler—respect.
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