SpaceX tokenized stock (PreStocks) kicked off trading with a nearly 20% pump on its first day, bringing the narrative of 'tokenizing unlisted equity' back into the spotlight. Currently, $SPACEX is priced around 586.84 USD, with a 24h volume of about 278,400 USD and a market cap of approximately 5.13 million USD.
This pump isn't just a one-off hype: 11 leveraged ETFs have been approved, platforms like Mantle/Backpack are now live for trading, Musk's 'trillion-dollar revenue' expectations, the influx of passive funds, and signals of over 1 billion USD in employee buybacks are all boosting market confidence.
However, the market cap and trading volume remain relatively low, leading to high volatility. It's better to observe the narrative spread and liquidity changes rather than just chasing the first-day gains. #SpaceX #PreStocks #tokenized_stock
This pump isn't just a one-off hype: 11 leveraged ETFs have been approved, platforms like Mantle/Backpack are now live for trading, Musk's 'trillion-dollar revenue' expectations, the influx of passive funds, and signals of over 1 billion USD in employee buybacks are all boosting market confidence.
However, the market cap and trading volume remain relatively low, leading to high volatility. It's better to observe the narrative spread and liquidity changes rather than just chasing the first-day gains. #SpaceX #PreStocks #tokenized_stock