A trader has executed a significant short position on SpaceX's pre-IPO perpetual contracts, according to Onchain Lens monitoring. On May 18, the trader shorted 5,151 SPCX tokens using 3x leverage, amounting to a notional value of approximately $1.07 million. The position carries a liquidation price set at $250.41, highlighting the trader's bearish outlook on the SPCX token's future performance.
Trader Shorts $1.07M in SpaceX Pre-IPO Contracts with 3x Leverage
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