A newly created wallet, identified as 0x3E7, has opened a significant leveraged long position in SPCX, valued at approximately $8.5 million. The wallet deposited $1.7 million in USDC into HyperLiquid to initiate a 10x leveraged position, acquiring 49,687 SPCX shares. The position's value is reportedly continuing to increase, according to on-chain analyst Onchain Lens.
New Wallet Opens $8.5 Million Leveraged Long Position in SPCX
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