Bullish

SPCX Whale Exits With $708K Loss, $24M Sell Orders Dominate Order Book

2026-08-05 17:36

Major SPCX holder liquidates position for $708K loss. Market shows $24M whale activity with heavy sell pressure above $133 and support near $100.

Woofun AI data shows that the address starting with 0xb37 liquidated its entire SPCX position this morning, resetting holdings and net value to zero. This entity accumulated 229,600 SPCX at a weighted average price of $117.9, totaling approximately $27.064 million in transactions, before selling all holdings at an average price of $114.8, resulting in a loss of roughly $708,000.

SPCX is currently trading at $112.39, down 3.52% in the past 24 hours, with a trading volume of approximately $874 million and open interest of about $174 million. Million-dollar level addresses have placed orders totaling around $24.278 million. Support between $100 and $106.1 is driven by short profit-taking, while new long positions of 50,000 SPCX worth $4.39 million appear between $83.8 and $96.2. Conversely, whale sell orders totaling $10.761 million are concentrated between $133.5 and $153, with additional short positions of $2.732 million between $155.4 and $180.

WOOFUN AI

Impact Assessment · Quick Read

The exit of a major whale with a significant loss highlights the volatility and risk of chasing pumps in SPCX. The concentration of large sell orders above current prices suggests strong resistance, potentially capping near-term upside. Meanwhile, support levels driven by short covering rather than new longs may prove fragile if selling pressure intensifies.
Generated by WOOFUN AI · For reference only, not investment advice

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