Smart Money Records 760% Return on Hyperliquid SpaceX Position Built Last Year

According to Hyperinsight, a smart money address (0x258) on Hyperliquid recorded a 760% return on its SPACEX/USDH long position since building the position last year. The address entered with 2x leverage at an average price of $445 (valuing SpaceX at $445 billion), deploying only $31,500. As of now, the position is up $239,700.

On Hyperliquid's recently launched SPCX/USDC pair (trade.xyz), the largest long holder (0x4e2) is currently holding 16,540 contracts with 5x leverage, with a position value of approximately $3.37 million at an average entry price of $203 (corresponding to a $2.03 trillion SpaceX valuation).