SpaceX on BingX just reclaimed its $135 IPO price.
The lockup crash everyone predicted never came.
Two weeks ago the story was simple: 911 million shares unlock, insiders dump,
$SPCX
collapses.
Instead, it ripped off the $105 low, right through the unlock, back to its IPO price.
Why? The crowd is always wrong.
But the supply wave is far from over.
Free float goes from ~4% to over 60% by December, roughly 14x more shares hitting the market.
What's next? #CMC Quest: Earn Rewards# #Macro Insights# #BingX #SPCX
The lockup crash everyone predicted never came.
Two weeks ago the story was simple: 911 million shares unlock, insiders dump,
$SPCX
collapses.
Instead, it ripped off the $105 low, right through the unlock, back to its IPO price.
Why? The crowd is always wrong.
But the supply wave is far from over.
Free float goes from ~4% to over 60% by December, roughly 14x more shares hitting the market.
What's next? #CMC Quest: Earn Rewards# #Macro Insights# #BingX #SPCX