Even before SpaceX has officially gone public, traders on Hyperliquid have poured $276 million into synthetic SPCX futures.

Top Bulls vs Bears Right Now:

BULLS (Long Positions)

→ 0x9cc → $33.8M long

→ 0x4e2 → $6.4M long

→ 0x932 (linked to bd420) → $4.1M long

→ 0xf47 → $3.2M long

→ qianbaidu.eth → $2.1M long

BEARS (Short Positions)

→ 0x051 (Dunamis Trading) → $7.9M short

→ 0x012 (wenyu888888) → $6.7M short

→ 0x69c → $6.6M short

→ VBVIT → $6.3M short

→ 0x60a → $6.0M short

This is one of the largest pre-IPO positioning battles we’ve seen in crypto. Bulls are betting on a massive valuation surge (Morgan Stanley’s $3.4T revenue forecast by 2040 is fueling the hype), while bears expect post-listing selling pressure and valuation reality checks.

The high leverage and massive size make this extremely volatile — expect fireworks when SpaceX actually lists.

Track live SPCX open interest and whale positions directly on Hyperliquid.

$276M Betting War on SpaceX IPO via SPCX Futures – Bulls vs Bears