Hyperliquid's Pre IPO Perps (IPOPs) for $SPCX have recorded over $500 million in trading volume in a 24-hour period ahead of the asset's official Nasdaq listing. The SPCX-USDC pair is currently trading at a mark price of approximately $167.76 with over $308 million in open interest. The platform is serving as a primary venue for price discovery for $SPCX through these perpetual contracts.