SPCX Plunges 11.5% in 15 Minutes Post-Earnings, Whales Exit 66% of Positions

SPCX volatility spikes as whales liquidate 66% of holdings after earnings surge. Hyperliquid open interest drops 14%, signaling deleveraging ahead of August 6 unlock.

Woofun AI reports that SpaceX's first public earnings triggered a rapid price reversal, with SPCX dropping from $131.3 to $113.76 within 15 minutes. Despite revenue beating expectations, the stock fell 11.5% from its peak, indicating prior price discovery. On Hyperliquid, 24-hour trading volume surged 4.1 times to $839 million, while open interest declined 14% to $183 million. Seven major whale addresses reduced their combined holdings by 66%, reducing holdings from $27.41 million to $9.435 million. Market participants are now positioning for sell pressure associated with the August 6 token unlock.