SpaceX Stock Rises 6.1% Post-Lockup, Whales Add $12.5M Longs

SpaceX shares gained 6.1% despite 911M unlocking. Hyperliquid SPCX longs surged $12.5M as new whale funds entered, offsetting open interest dip.

Woofun AI data shows that SpaceX’s stock price increased by 6.1% on August 7th, defying expectations of selling pressure after 911 million restricted shares entered the unlocking period. On Hyperliquid, the SPCX contract traded at $114.01, up 3.6% in 24 hours, with trading volume reaching approximately $443 million. Open interest stood at around $203 million, a 4.9% decrease from pre-earnings levels but 12.6% higher than before recent whale accumulation.

Large-scale wallets continued to accumulate long positions, with seven wallets adding over $1 million each, totaling $12.585 million in new longs and a net increase of $5.887 million. Five of these wallets were new entrants to SPCX longs. The long-to-short ratio for wallets holding more than $1 million is 2:1 by count, though the dollar-value ratio is 0.89:1, indicating larger average short positions. The hourly funding rate for SPCX is approximately -0.00059%, near neutral.