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SpaceX Pre-IPO Perp Sheds 27% as Implied First-Day Premium Collapses
Hyperliquid's SPCX contract still prices SpaceX above its $135 IPO offer but the expected pop has shrunk from 60% to 16% β¦
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Hyperliquid's SPCX contract still prices SpaceX above its $135 IPO offer but the expected pop has shrunk from 60% to 16% β¦

A single massive sell order triggered a 30-minute flash crash in Hyperliquid's synthetic SpaceX perpetual, liquidating β¦