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TechFlow News: On June 12, according to on-chain analytics platform Lookonchain (@lookonchain), a newly created wallet address 0xcc3A deposited 4.5 million USDC into Hyperliquid and placed a limit short order for $SPCX, apparently betting on a “pump-and-dump” scenario following SpaceX’s IPO—i.e., a brief price surge immediately after the IPO followed by a sharp decline.
According to on-chain analytics platform Lookonchain (@lookonchain), a newly created wallet address 0xcc3A deposited $4.5 million worth of USDC into Hyperliquid and placed a limit short order for $SPCX, apparently betting on a “pump-and-dump” scenario following SpaceX’s IPO—i.e., a brief price surge immediately after the IPO followed by a sharp decline.
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