Damn, Binance tokenized this U.S. stock contract at $ASTS . In the past 24 hours it’s down 8.62%, briefly peaked at 70.0, and is now at 63.15.
The news is like this: Trump handed SpaceX an order for 1,000 launches, and the result was that SpaceX itself dropped 3%. ASTS slid 3% right along with it, and even Rocket Lab drifted downward. ASTS had already fallen 7.14% the day before.
My take is that one big order can’t save the sentiment of the entire satellite sector. ASTS is doing satellite-to-phone direct connections, and it’s tied too tightly to SpaceX—when SpaceX sneezes, it has to cough. Over on Binance, trading never closes, and even when U.S. markets are off, it still keeps falling.
With this wave of 3,978,337U in trading volume smashed down, do you think it was retail investors dumping along with SpaceX’s sentiment—or did someone smell that this deal isn’t that tasty ahead of time?
The news is like this: Trump handed SpaceX an order for 1,000 launches, and the result was that SpaceX itself dropped 3%. ASTS slid 3% right along with it, and even Rocket Lab drifted downward. ASTS had already fallen 7.14% the day before.
My take is that one big order can’t save the sentiment of the entire satellite sector. ASTS is doing satellite-to-phone direct connections, and it’s tied too tightly to SpaceX—when SpaceX sneezes, it has to cough. Over on Binance, trading never closes, and even when U.S. markets are off, it still keeps falling.
With this wave of 3,978,337U in trading volume smashed down, do you think it was retail investors dumping along with SpaceX’s sentiment—or did someone smell that this deal isn’t that tasty ahead of time?