Whale Shifts Strategy to SPCX with $1M Leveraged Long Position

On-chain data indicates a significant strategic shift by a high-net-worth trader on the Hyperliquid decentralized exchange. According to reports from on-chain analyst Ai Yi, a specific wallet address monitored as 0xb37…a66ca has pivoted its market stance, canceling substantial buy orders for the SKHX token to pursue a high-leverage long position on SPCX following a recent price recovery.

Strategic Pivot from SKHX to SPCX

The whale address originally placed limit buy orders for the SKHX token within a price range of .22 to.6. However, these orders were recently withdrawn as the investor reallocated capital toward the SPCX market. This move coincided with a notable rebound in the price of SPCX, suggesting a momentum-based entry strategy aimed at capturing further upside potential in the asset's recovery phase.

Record Position Size and Leverage

The scale of the new trade has established the address as a dominant participant on the Hyperliquid platform. The specific details of the transaction include:

• The acquisition of 147,000 SPCX tokens.
• An entry price established at approximately .96.
• The utilization of 20x leverage to amplify the trade's exposure.
• A total position value estimated at 0.98 million dollars.

With this latest maneuver, the address now holds the largest individual position in the SPCX market on Hyperliquid. This level of concentration highlights the significant confidence the trader has in the asset's short-to-medium-term performance.

The activities of large-scale traders, often referred to as whales, are closely watched in the decentralized finance (DeFi) ecosystem as they can signal shifting sentiment or impending volatility. While the move into a 20x long position demonstrates a bullish outlook for SPCX, the high leverage involved also introduces substantial liquidation risk should the market trend reverse. As of August 4, 2026, the position remains the primary focus of this address's on-chain portfolio.