Mysterious Trader Deposits $16.6M USDC on Hyperliquid for SPCX Long

On June 12, 2026, a mysterious trader deposited $16.6 million in USDC into Hyperliquid and opened a long position in SPCX, a tokenized asset tracking the S&P 500. Arkham intelligence flagged the whale-sized trade, which left the wallet holding roughly $18.5 million in SPCX and $10 million in remaining USDC. The move underscores rising interest in on-chain leveraged exposure to traditional equities and could influence short-term liquidity, funding rates, and sentiment on the decentralized platform.