SPCX Drops 21% From Weekly Peak as Large Holders Turn 71.7% Short on Hyperliquid

SPCX-1.96%
According to BlockBeats and Hyperinsight monitoring as of June 22, SPCX has declined 21% from its weekly high, with market sentiment turning cautious on SpaceX's valuation. On Hyperliquid, large holders (million-dollar positions) show heavy short bias, with 60.31 million SPCX short versus 23.74 million long—shorts accounting for approximately 71.7% of major holdings. The token saw 102 million in 24-hour volume with a 1.58% decline in the 12-hour session.
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