SpaceX Enriches Trader Before IPO: A certain trader front-ran the on-chain valuation last year, reaping a 760% return

BlockBeats News, May 20th, according to Hyperinsight Monitoring, SpaceX's IPO countdown has begun, with the market widely expecting it to break the record for the largest IPO in history. In related SpaceX Pre-IPO contracts, early smart money has already seen a 760% return on investment.

The smart money (0x258) entered the market on Hyperliquid's SpaceX/USDH trading pair (Ventuals deployment) shortly after it went live (about 169 days ago), going long with 2x leverage at an average entry price of around $445 (corresponding to a valuation of $445 billion), investing only $31,500 to establish the position.

As of the time of writing, this long position has unrealized gains of $239,700, with a return on investment of over 760%. It is worth mentioning that this address also went long on Anthropic 110 days ago, similarly achieving significant profits.

Furthermore, on the recently launched SPCX/USDC trading pair on Hyperliquid (deployed by trade.xyz), the largest long position holder, 0x4e2, has taken a long position of 16,540 units with 5x leverage, with a position value of approximately $3.37 million, an average entry price of $203 (corresponding to a valuation of $20.3 trillion), and a liquidation price of $147.3.

It is reported that of the two major Pre-IPO contracts related to SpaceX on Hyperliquid:

- SPCX/USDC (deployed by trade.xyz): Went live on May 18th, with the current price corresponding to a valuation of approximately $20.3 trillion, and a daily trading volume exceeding $7.7 million, indicating more active trading.

- SpaceX/USDH (Deployed by Ventuals): Went live around November 13th of last year (price corresponding to a valuation unit of 10 billion), with the contract price at that time corresponding to a SpaceX valuation of about $400 billion. The current price corresponds to a valuation of approximately $2.14 trillion, showing a significant increase in implied valuation over the past year. The current open interest is approximately $4.47 million, with a daily trading volume of only about $123,000.

Addresses: 0x25821b2248d939b95563a1515ee97e45d32b51a8

Address: 0x4e23288cee4960f9f962195c22948e4bc7ae20c3

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