The largest short position on Hyperliquid's SPCX is currently showing a floating loss of $4.46 million.

CoinFeed reported on June 16th that, according to on-chain analyst Yu Jin, as SPCX surged to $214 in overnight trading, the largest short position on SPCX on Hyperliquid is currently showing a floating loss of $4.46 million. This position was opened at $173 per share for 111,000 SPCX shares ($23.75 million), with a liquidation price of $249.