$SPCX
-10% move in progress…

SpaceX tokenized stock (Backpack) (SPCX)
SpaceX tokenized stock (Backpack) Live Price data
SpaceX tokenized stock (Backpack) SPCX Price History USD
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SpaceX $SPCX appears to be consolidating within a symmetrical triangle, hinting at a potential 10% breakout move. https://t.co/GD3e0FphaI
It absolutely baffles me how many people do not understand 3 things
1) There is only so much money in the world
2) Supply. Today $SPCX has around 4% unlocked, in 1 year this goes up to 100%, a 2400% increase.
3) Huge inflation = more capital needed to move price.
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
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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