SPCX has fallen by nearly 5% from its opening price on the first day; a whale that went long has fully lost, and the address has liquidated for less than $5.

BlockBeats message, July 13, according to Hyperinsight monitoring, SPCX opened at $150 on its first day of listing; it is now down about 4.8% from its opening price, and only $7.8 remains from the $135 offering price. When SPCX opened on its first day, it traded at a premium of about 11.1% versus the offering price; currently, nearly half of that premium has been given back. The mega whale that went long SPCX on Hyperliquid has now entirely moved into an unrealized loss state.

Among them, an 0x8e0-starting address that previously started going long on SPCX on the day it was added to the Nasdaq index still holds a 20x leveraged long position, with a position size of about $1.985 million. The liquidation price of this position is currently about $137.98, only $4.82 away from the current price, making it the address closest to liquidation on the platform.

As of the time of publication, the position’s average entry price is $153.68, SPCX is currently quoted at about $142.80, with an unrealized loss of about $151,000, and a position return rate of about -141.7%.

Data shows that this mega whale has continuously bought SPCX since July 7, totaling 190 trades, and opened 13,903.45 long shares in total. The trade prices ranged from $145.99 to $156.22, and the cumulative transaction value was about $2.137 million. There were no records of manually closing longs during the period.

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