「Whale Discovery」 SPCX Long Position Address HODLs for a Full Month, Now Faces Price Plunge with $570,000 Loss

BlockBeats News, July 16, according to Hyperinsight Monitoring, SPCX continued to fall today, with an intraday low of 132.34 US dollars, pushing a bull address that had been holding on for the entire month into deep losses. At the time of writing, SPCX has experienced a slight rebound to 135.5 US dollars, and the hodler with an address starting with 0x91d has seen their holding cost pierced by approximately 26.1%, making it the largest underwater position on SPCX on Hyperliquid.

They currently hold only 12,085 SPCX long positions, with a nominal size of about 1.638 million US dollars, an average holding price of 183.2 US dollars, a floating loss of about 577,000 US dollars (−52.1%), and the floating loss once expanded to 616,000 US dollars at the time of breach. The account's margin of about 509,900 US dollars has been entirely used to maintain this position.

This position was opened during the period of a sharp rise after the SPCX listing. Since then, for a full month, no further positions have been added or reduced, holding all the way through listing, inclusion in the Nasdaq Index, and the subsequent continuous decline, with only the bearish expectation of early holders' unlocking ahead.

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