SpaceX tokenized stock PreStocks first day trading almost 20% surge, short-term sentiment clearly fired up. The driving factors aren’t just the 'Musk narrative', but also the approval of 11 leveraged ETFs, the launch of trading on platforms like Mantle/Backpack, anticipated passive fund inflows, and confidence signals from employees buying back over $1 billion.
However, currently, the market cap of $SPACEX is around $5.13 million, with 24h trading volume about $278,000, so liquidity isn't that deep. Strong narrative ≠ no risk; keep an eye on whether subsequent trading can sustain and not just chase the first-day hype.
#SpaceX #PreStocks #RWA
However, currently, the market cap of $SPACEX is around $5.13 million, with 24h trading volume about $278,000, so liquidity isn't that deep. Strong narrative ≠ no risk; keep an eye on whether subsequent trading can sustain and not just chase the first-day hype.
#SpaceX #PreStocks #RWA