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Roadster showcased SpaceX driving up the stock price through propulsion technology,SPCX the largest long position has returned to profit 1580000 USD BlockBeats reported that October 16, Tesla's next-generation Roadster showcased rocket-style propulsion technology jointly developed with SpaceX. The new vehicle uses built-in thrusters to briefly become airborne, perform mid-air flips, and land, highlighting the engineering cooperation between Tesla and SpaceX in propulsion technology.

According to TradingBeats monitoring, since this morning's Roadster launch event began,Hyperliquid on SPCX contracts rose to 152.95 USD, an increase of approximately 2.55%. The largest on-chain long, which had previously held SPCX long positions for an extended period, saw its unrealized profit recover to approximately 1583000 USD(145.9%as the price rebounded).

The whale currently holds SPCX long positions worth approximately 12435000 USD, with an average entry price of 133.479 USD. Since the event began, its unrealized profit has increased by approximately 309000 USD(0x519c).

The account reportedly began gradually building long positions to buy the dip in early August, when the price was still near above 100 USD, and completed its current position size by the end of August.

Original link https://m.theblockbeats.info/flash/372177