3.8K @VietnamPenguin LMAO.
@PreStocks says its attestation confirms that all minted tokens are fully backed.
The actual report confirms that the number of minted tokens does not exceed the number of tokens PreStocks is allowed to mint 😂.
Very cool.
Now show us the SpaceX shares. https://t.co/gPmBv30EKT
3.8K @VietnamPenguin If you're wondering what happened to Solana @PreStocks SpaceX, they got absolutely crushed and are now trading around ~$112 (after 5:1 split), implying a ~40% discount to the underlying shares.
Turns out there's a 180-day lockup before preStocks can be converted into real shares (I suspect very few people were aware of this). So holders have two choices: dump into a thin-liquidity market at a steep discount today, or wait 180 days and convert at full value. Looks like many crypto degens are choosing the former.
Interestingly, this issue doesn't exist (and couldn't exist) in the $SPCX perp market.
Pre-IPO markets only make sense to trade via perps.
Hyperliquid.
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286.8K @TekinogluDogu $SPCX
I usually don't post non-crypto content, but after the FOMC meeting it is highly likely to accelerate sharply upward again.
I plan to buy in the 190-181 range and aim to sell again above 210.
I bought a amount at the 188 level, and will buy more if it drops further.
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8.3K @AISavvyCapital Jim Cramer knows $SPCX is shit, @jimcramer , but he is a heavy supporter because he is friends with many early investors, and he is just trying to support the EXIT LIQUIDITY to dumb retail investors - the whole thing is rigged
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