Internet Computer $ICP is up 9.98% to $2.39 in 24h, sharply outperforming a down market, primarily driven by a major technical infrastructure upgrade for decentralized AI.
SpaceX first major share unlock has turned into an interesting market test.
Around 911 million $SPCX shares became eligible to trade on Aug. 6, a figure roughly 1.4× the company’s initial public float. (Investing.com)
The obvious concern was additional supply creating heavier selling pressure. But an unlock doesn’t mean every newly eligible share gets sold immediately.
So far, the reaction has been worth watching. $SPCX has shown resilience despite the increase in potential float, which shifts the focus toward actual volume, liquidity and whether demand can absorb the additional shares.
There’s also another scheduled unlock on Aug. 20, so the supply story isn’t necessarily finished yet. (Barron’s)
I’m keeping an eye on $SPCX through BingX, mainly to see how the market handles each new supply event rather than trying to predict the outcome.
#Altcoin Season#
SpaceX first major share unlock has turned into an interesting market test.
Around 911 million $SPCX shares became eligible to trade on Aug. 6, a figure roughly 1.4× the company’s initial public float. (Investing.com)
The obvious concern was additional supply creating heavier selling pressure. But an unlock doesn’t mean every newly eligible share gets sold immediately.
So far, the reaction has been worth watching. $SPCX has shown resilience despite the increase in potential float, which shifts the focus toward actual volume, liquidity and whether demand can absorb the additional shares.
There’s also another scheduled unlock on Aug. 20, so the supply story isn’t necessarily finished yet. (Barron’s)
I’m keeping an eye on $SPCX through BingX, mainly to see how the market handles each new supply event rather than trying to predict the outcome.
#Altcoin Season#