SPCX Extends Rebound, Up 9.5% From Lows After Whale Builds $27.4M Long

HuoXing Finance reported that as of Aug. 4, TradingBeats (formerly Hyperinsight) data show SPCX continued to recover, last trading at $114.69. The token was up 5.5% over the past 24 hours and 9.5% above its recent low. Since yesterday, seven seven-figure wallets have opened long positions in SPCX. Together they hold 238,800 tokens worth about $27.386 million, with a weighted average entry of roughly $112.00, translating to a combined unrealized gain of around $636,000. The largest position belongs to the wallet starting with 0xb37. The whale accumulated SPCX early today via 83 trades, buying 147,500 tokens for approximately $16.958 million at a weighted average price of $114.96. It currently holds a single 20x-leveraged long worth about $16.918 million. At the time of writing, the position shows an unrealized loss of roughly $40,000 (5.1%) and represents 61.8% of the total long exposure across the seven wallets. Its liquidation price sits at $105.43, about 8.1% below the current market and close to yesterday's intraday low near $105. If SPCX revisits that level, this whale would be the first among the group to face liquidation pressure. Funding data indicate the address received 1.449 million USDC early yesterday and began building the SPCX long roughly 20 hours later. During early trading today, the funding source sent an additional 350,000 USDC, bringing the two most recent transfers to about $1.799 million. The address first received about 1 million USDC on July 10 and started trading afterward. Since then, it has traded 21 assets across semiconductors, U.S. equity indices, crude oil and cryptocurrencies, generating about $572,000 in realized profits.