CRYPTO TRADED $SPCX #SPACEX BEFORE WALL STREET EVEN OPENED 👀

Let me put you on something most people completely missed this week

$SPCX

While retail was waiting for the SpaceX IPO to hit Nasdaq on June 12, crypto was already trading it days before through pre-IPO perps and tokenized products.

SpaceX debuted at $135 per share.

$1.75 trillion valuation. The largest IPO in stock market history.

And crypto exchanges? They were already letting people bet on it before the bell even rang.

Pre-IPO perp volume hit $3.2 BILLION with $390M open interest across 8 exchanges between May 17 and June 11. Before Wall Street touched a single share.

This is the part nobody's talking about IMO.

Crypto isn't just catching up to TradFi anymore.

In some cases it's front-running it.

While traditional brokers were dealing with partial fills and crashed servers from overwhelming demand, degens were already leveraged long on SpaceX exposure.

But here's the lesson and it's a brutal one.

Binance Bybit and Bitget all canceled their tokenized SpaceX pre-IPO offerings and refunded users because xStocks couldn't secure the actual underlying shares.

The demand was so insane that even the tokenization providers couldn't deliver.

A SPCX perp tracks the price. It doesn't give you the equity.

It doesn't give you the 18,712 BTC SpaceX holds on its balance sheet. It doesn't give you voting rights.

The gap between "tokenized exposure" and "actual ownership" got exposed hard this week.

My strategy in the first hours of any hyped IPO like this?

Don't FOMO into products you don't understand.

What's your strategy in the first hours of a major listing?

Drop it below 👇

DYOR always NFA #Macro Insights#

-Brondor