A newly created wallet address, 0xcc3A, deposited about $4.5 million in USDC into the decentralized derivatives platform Hyperliquid and then placed limit orders to short SPCX.
According to Odaily, Lookonchain monitoring said the address used a staggered limit-order shorting strategy.
The reported trading activity was widely interpreted by the market as a bet on a price rise in SPCX tied to IPO-related trading, followed by a sell-off pullback.
New Wallet Deposits USDC on Hyperliquid and Places Limit Orders to Short SPCX
2026-06-12 09:04:56
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