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SPCX Long Whale Holds Position for a Month, Now Down $577,000 as Token Hits $132.34

2026-07-16 02:41:31

SPCX-1.57%

According to BlockBeats, citing Hyperinsight monitoring data, on July 16, an address beginning with 0x91d suffered its largest unrealized loss on Hyperliquid's SPCX trading platform as the token declined to $132.34 intraday. The address, which opened its position during SPCX's post-launch rally, now holds 12,085 SPCX contracts with an average entry price of $183.2 and a floating loss of $577,000 (down 52.1%). It has not adjusted its position over the entire month despite SPCX's rally and subsequent decline. The token recovered slightly to $135.5 by press time, with the address's margin of approximately $509,900 fully deployed to maintain the position.

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