🚨 $SPCX Drops 27% in 3 Weeks

The Hyperliquid SpaceX-linked perpetual contract ($SPCX) has fallen 27% from its May high of $230 to around $157. Despite the decline, it still trades above SpaceX's $135 IPO price, implying a 16% expected listing premium. Market weakness and IPO-related capital rotation may be weighing on sentiment.

#SPCX #SpaceX #Hyperliquid #Crypto #IPO 📉🚀