TechFlow reports that on June 16, according to on-chain analyst Onchain Lens (@OnchainLens), a whale address (0x3E7) recently created a new wallet and deposited $1.7 million USDC into HyperLiquid, opening a long position of 49,687 SPCX tokens with 10x leverage—valued at approximately $8.5 million. As the SPCX price broke above $210, the address continued adding to its position, increasing its holdings to 63,458 SPCX tokens; its current unrealized profit has exceeded $2.1 million.
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