A whale has been continuously accumulating 10x leveraged long positions in SPCX on HyperLiquid, with unrealized profits exceeding $2.1 million.

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.