Per Woofun AI, Equation News founder Vida disclosed closing a SPCXUSDT perpetual short position that had accumulated losses exceeding $60,000. The position, initially established with a portfolio value of approximately $200,000, was terminated on June 16 following its inception on June 11.

Despite the realized drawdown, Vida maintains that the underlying company remains extremely overvalued. He indicated an intention to re-execute the trade strategy, identifying a potential entry window following the scheduled 20% share unlock for employees as a more favorable timing for market exposure.