A newly created wallet opened a 10x leveraged long position worth approximately $8.5 million in SPCX.
According to on-chain analyst Onchain Lens (@OnchainLens), a newly created wallet, 0x3E7, deposited $1.7 million worth of USDC into HyperLiquid and opened a 10x leveraged long position of 49,687 SPCX shares. The current position value is approximately $8.5 million, and the position continues to grow.