SPCX has dropped nearly 5% from its opening price on the first day, and the long whale is fully liquidated at an address with less than $5 remaining before the liquidation threshold.

BlockBeats News, July 13th, according to Hyperinsight monitoring, SPCX opened at $150 on its listing day, and has since fallen by about 4.8% from the opening price, now only $7.8 away from the $135 issuance price. The premium of SPCX over the issuance price on the opening day was about 11.1%. Currently, nearly half of this premium has been retraced, and the whale on Hyperliquid who went long on this asset is now all in an unrealized loss position.

One address starting with 0x8e0, who had previously started a long position on SPCX on the day it was included in the Nasdaq, still holds a 20x leveraged long position with a position size of about $1.985 million. The current liquidation price of this position is around $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 writing, the average entry price of this position is $153.68, with SPCX currently priced at around $142.80, resulting in an unrealized loss of about $151,000 and a position return rate of approximately -141.7%.

Data shows that this whale has been buying SPCX continuously since July 7th, with a total of 190 transactions, opening a long position of 13,903.45 units. The transaction prices ranged from $145.99 to $156.22, with a total transaction amount of about $2.137 million, and no active record of closing long positions during this period.

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