The post says the SPCX perp listed by Trade.xyz fell below $150, while tokenized SPCX from Backpack and Sunrise reached $57 million in 24-hour spot volume and also traded under $150.
Trading activity in SPCX-linked crypto markets accelerated sharply, with the SPCX perpetual futures contract (a derivatives product with no expiry) on Hyperliquid surpassing $1 billion in 24-hour volume. The contract, identified in the post as launched by Trade.xyz on Hyperliquid, was also trading below $150. In the spot market, tokenized SPCX issued by Backpack and Sunrise posted $57 million in 24-hour volume, and that product was likewise trading below $150. The figures point to heavy speculative and spot-market turnover around the asset across both derivatives and tokenized trading venues.