The crypto scene has totally exploded, and everyone got wiped out.
A bunch of exchanges took the SpaceX IPO quota intending to sell it to the crypto folks. Half the crypto community forked over cash to participate in the new offering, and now that it's done, they’re being told there’s no quota, and refunds come with a few hundred bucks in fees.
The worst part is, some traders saw that $SPCX 's pre-market contracts shot up a lot, so they went short to hedge and lock in profits. But the hedge positions are now in the red, and they still can't get their hands on the IPO stocks.
After years of hype around RWA tokens, who’s gonna dare to play after this?
A bunch of exchanges took the SpaceX IPO quota intending to sell it to the crypto folks. Half the crypto community forked over cash to participate in the new offering, and now that it's done, they’re being told there’s no quota, and refunds come with a few hundred bucks in fees.
The worst part is, some traders saw that $SPCX 's pre-market contracts shot up a lot, so they went short to hedge and lock in profits. But the hedge positions are now in the red, and they still can't get their hands on the IPO stocks.
After years of hype around RWA tokens, who’s gonna dare to play after this?