SPCX's Largest Short Holder Continues Covering Shorts, Holdings Worth $27.7M With $1.4M Gains in 24 Hours

SPCX-6.35%
According to BlockBeats and Hyperinsight monitoring, on June 18, the largest short holder on Hyperliquid continued accumulating SPCX short positions over the past hour. The address currently holds 145,500 SPCX tokens via 3x leverage, with total position value of $27.7 million and floating gains reaching $1.4 million, representing a 14.4% return rate. The whale initially opened large short positions when SPCX traded above $200 yesterday, reaching a maximum position size of $30 million. As SPCX declined and touched $190, the holder partially took profits and subsequently increased positions, lowering the average entry price to $200.2.
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