SPCX surged to $214 in after-hours trading; the largest short position on Hyperliquid has incurred a floating loss of $4.46 million.

According to on-chain analyst Yu Jin (@EmberCN), as SPCX’s after-hours trading price surged to $214, pushing its total market cap to $2.8 trillion, the largest SPCX short position on Hyperliquid—held by a single address—is now facing a floating loss of $4.46 million. This address previously opened a short position of 111,000 SPCX shares at $173 (approximately $23.75 million), with a current liquidation price of $249.