{"id":613175,"date":"2026-06-12T11:52:48","date_gmt":"2026-06-12T11:52:48","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/06\/12\/spacex-ipo-update-whale-opens-22-3m-spcx-long-as-synthetic-price-hits-30-premium\/"},"modified":"2026-06-12T11:52:48","modified_gmt":"2026-06-12T11:52:48","slug":"spacex-ipo-update-whale-opens-22-3m-spcx-long-as-synthetic-price-hits-30-premium","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/06\/12\/spacex-ipo-update-whale-opens-22-3m-spcx-long-as-synthetic-price-hits-30-premium\/","title":{"rendered":"SpaceX IPO update: Whale opens $22.3M SPCX long as synthetic price hits 30% premium"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9oaS1waWxvdC1sYXVuY2gtd2hhdC1pdC1tZWFucy1mb3ItcGlvbmVlcnMtc3BhY2V4LmpwZw==.jpg\" alt=\"SpaceX IPO update: Whale opens $22.3M SPCX long as synthetic price hits 30% premium\" class=\"type:primaryImage\" \/><\/p>\n<p>SpaceX\u2019s IPO hype may fuel a strong debut, but history shows richly valued listings often struggle after the first-day pop fades.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/markets\/space-x-ipo-bad-news-for-tech-stocks-but-what-about-bitcoin\" rel=\"noopener noreferrer\" target=\"_blank\">SpaceX\u2019s IPO<\/a> is already spilling into crypto markets, where one whale has opened a $22.3 million leveraged long on SPCX, a synthetic pre-IPO perpetual contract tied to Elon Musk\u2019s aerospace company.<\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<p>The whale&#8217;s position, visible on data resource <a href=\"https:\/\/hypurrscan.io\/address\/0x9cc10bd3c7e2486c0ae4623e4f7cc3ff143fac56#perps\" rel=\"noopener noreferrer\" target=\"_blank\">Hypurrscan<\/a>, shows the trader holding a 2x isolated long on &#8220;xyz:SPCX&#8221; worth about $22.29 million. <\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/markets\/spacex-ipo-update-whale-opens-223m-spcx-long-as-synthetic-price-hits-30-premium\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>SpaceX\u2019s IPO hype may fuel a strong debut, but history shows richly valued listings often struggle after the first-day pop fades. SpaceX\u2019s IPO is already spilling into crypto markets, where one whale has opened a $22.3 million leveraged long on SPCX, a synthetic pre-IPO perpetual contract tied to Elon Musk\u2019s aerospace company. Key takeaways: The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":613176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-613175","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/613175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=613175"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/613175\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/613176"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=613175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=613175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=613175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}