A new wallet deposited 4.5 million USDC to HyperLiquid to short SPCX, speculating on a pump-and-dump after its IPO.
2026-06-12 08:57
Odaily Planet Daily News: According to Lookonchain monitoring, a newly created wallet address 0xcc3A recently deposited approximately 4.5 million USDC into the decentralized derivatives platform Hyperliquid, and subsequently placed a limit order to short $SPCX.
Trading behavior shows that the address is employing a batch limit shorting strategy, widely interpreted by the market as a bet on a price spike followed by a sell-off (pump and dump) in SPCX's trading structure related to its IPO.
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