SpaceX's pre-IPO market on Hyperliquid has fallen 27% in three weeks

Bearish+5,137,268.22%
10 Jun, 07:18
Source: CoinDesk

AI Summary

SpaceX's pre-IPO perpetual contract (SPCX) on Hyperliquid has declined 27% in three weeks as traders reduce the first-day premium, though it still trades above the $135 offer price.

The SPCX perpetual still trades above SpaceX’s $135 offer price, but it has fallen sharply from its May highs as traders mark down the first-day premium.