After holding their positions for nearly a month, SPCX long traders suffered heavy losses, with the maximum unrealized loss at one point exceeding $610,000.

Svmuu News: According to Hyperinsight monitoring, SPCX’s continued decline has pushed a bullish address—which had held its position for an entire month—into deep losses. Data shows that the holding cost for the address beginning with 0x91d has been breached by approximately 26.1%, making it the address with the largest unrealized loss on SPCX on Hyperliquid.It currently holds only 12,085 SPCX long positions, with a notional value of approximately $1.638 million and an average position price of $183.2, resulting in an unrealized loss of about $577,000 (−52.1%).which had briefly widened to $616,000 when the price fell below the break-even point. The account’s margin of approximately $509,900 has been fully utilized to maintain this position.
This position was opened during the sharp rally following SPCX’s listing. For the entire month that followed, the account made no adjustments to the position, holding it through the listing, the positive news of its inclusion in the “Nasdaq Composite,” and the subsequent sustained decline. The only remaining headwind is the negative expectation of early holders’ shares becoming tradable.