Monitored by Woofun AI, a significant market participant initiated a new long position comprising 70,000 SPCX tokens. This trade utilized 20x leverage, resulting in a total notional value of approximately $11 million.

The position was established while SPCX prices were experiencing downward pressure. The associated liquidation price is set at $134.42, exposing the trader to substantial risk if the asset fails to recover swiftly.