Got wrecked in the crypto space, then jumped to the stock market and got wrecked again, only to realize both plays are actually from the same whale.
SPCX is currently at $148, down 17.5% in a day, and 30% in a week.
This thing is a tokenized product of SpaceX. You'd think SpaceX has solid fundamentals, but they just vaporized $400 billion in market cap in a day, dragging SPCX down with it.
The classic story of a seasoned crypto trader: lost big in crypto → "I'm done with altcoins, I'm buying SpaceX" → bought SPCX → lost again → only to realize both markets are just as ruthless.
And just look at the liquidity. $14 million in 24-hour volume looks decent, right? But when you actually try to sell, you’ll know what slippage really means.
Yesterday SpaceX dropped 16%, today SPCX dropped 17%. Perfectly correlated, who says tokenization isn't precise?
Lost money in crypto, got hit in the stock market. Double the experience, all in one go. $BTC #CFTC就能源永续合约征求公众意见 #伊朗原油降价 $ETH
SPCX is currently at $148, down 17.5% in a day, and 30% in a week.
This thing is a tokenized product of SpaceX. You'd think SpaceX has solid fundamentals, but they just vaporized $400 billion in market cap in a day, dragging SPCX down with it.
The classic story of a seasoned crypto trader: lost big in crypto → "I'm done with altcoins, I'm buying SpaceX" → bought SPCX → lost again → only to realize both markets are just as ruthless.
And just look at the liquidity. $14 million in 24-hour volume looks decent, right? But when you actually try to sell, you’ll know what slippage really means.
Yesterday SpaceX dropped 16%, today SPCX dropped 17%. Perfectly correlated, who says tokenization isn't precise?
Lost money in crypto, got hit in the stock market. Double the experience, all in one go. $BTC #CFTC就能源永续合约征求公众意见 #伊朗原油降价 $ETH