SPCXUSDT
Perp
116.03
-7.33%
$SPCX has now dropped below its IPO price, erasing nearly one-third of the gains it made after listing.
The next key event arrives in early August, when the lock-up period expires. Up to 911.5 million shares held by employees and early investors could become eligible for sale, potentially adding significant selling pressure if many choose to cash out.
This doesn't guarantee another drop, but it's definitely a risk traders are watching closely. The market could remain volatile around the unlock.
😂 I was literally about to put $100 into $SPCX… my wallet just whispered, “Not today, buddy.” 😅💸