$SPCX PLUNGE WIPES $500B FROM ELON MUSK'S NET WORTH 🔥
Elon Musk has lost nearly half a trillion dollars in 30 days as $SPCX continues its steep decline from post-IPO highs above $1 trillion. His current net worth now sits at $880B — a 36% drawdown in under a month.
Volume on the daily chart is spiking with each lower close, suggesting institutional distribution is still in play. The market has not found a demand zone that holds for more than two sessions yet.
Is this the bottom for $SPCX or is there another leg down before accumulation begins?
Not financial advice. Always manage your risk.
#SPCX #MarketCrash #WealthLoss #Analysis #StockMarket
🔥
Elon Musk has lost nearly half a trillion dollars in 30 days as $SPCX continues its steep decline from post-IPO highs above $1 trillion. His current net worth now sits at $880B — a 36% drawdown in under a month.
Volume on the daily chart is spiking with each lower close, suggesting institutional distribution is still in play. The market has not found a demand zone that holds for more than two sessions yet.
Is this the bottom for $SPCX or is there another leg down before accumulation begins?
Not financial advice. Always manage your risk.
#SPCX #MarketCrash #WealthLoss #Analysis #StockMarket
🔥