Trader Records 760% Returns on SpaceX Pre-IPO Contract After Early Positioning 169 Days Ago

According to Hyperinsight monitoring on May 20, a trader (wallet 0x258) recorded 760% returns on the SPACEX/USDH contract deployed on Hyperliquid. The trader entered a 2x leveraged long position approximately 169 days ago at an average price of $445 per contract (implying a $445 billion SpaceX valuation), with an initial investment of $31,500. The position has accumulated unrealized gains of $239,700 as of publication.

Separately, another major long position (wallet 0x4e2) on the newer SPCX/USDC contract (deployed by trade.xyz, launched May 18) holds 16,540 contracts with 5x leverage, valued at approximately $3.37 million and denominating a $20.3 trillion valuation at current levels.