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SPCX Plunges 14% Below IPO Price; Major Bull Position Loses $1.23M Today

Price Volatility

2026-07-23 03:01:39

SPCX-5.94%

According to Hyperinsight monitoring, SPCX on Hyperliquid fell to approximately $116 today (July 23), marking a 14.1% decline from its $135 IPO price and a 49.6% drop from its $230 peak. The asset touched a low of $114.48 earlier in the session. A major bull-positioned address incurred a loss of $1.23 million amid the continued downward pressure.

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