“SPCX’s Largest Short Seller” Covers $27.7 Million in Short Positions, Daily Profit of $1.4 Million

TechFlow News, June 18: According to Hyperinsight monitoring, the “largest SPCX short” whale on Hyperliquid has been continuously adding to its SPCX short position over the past hour. The address currently holds a 3x-leveraged short position of 145,500 SPCX tokens, with a position value of approximately $27.7 million and a floating profit of $1.4 million—yielding a return rate of roughly 14.4%.

It is reported that this address established a large short position when SPCX’s price was above $200 yesterday, with the position size peaking at $30 million. Today, SPCX continued declining, briefly falling near $190. During this period, the whale partially took profits, then added more short positions—reinvesting some of those realized gains into further shorting (i.e., “rolling” the position and trading intraday), bringing its average entry price down to $200.2.