🚨 $SPCX.US — OCTOBER COULD TURN INTO A $100B SUPPLY TEST.
SpaceX has two major lockup releases scheduled this month:
Oct. 9: up to 328.4M shares
Oct. 24: up to another 328.4M shares
That’s 656.8M shares becoming eligible to sell. At roughly $160/share, that represents about $105B worth of stock entering the eligible supply pool.
Now compare that with a roughly $2T+ market cap.
Does that mean $105B gets dumped? No. Unlock ≠ automatic selling.
But after a strong run into the unlock window, traders should absolutely respect the potential supply overhang.
👇👇👇👇
If $SPCX loses $150–$152 after the first unlock, I’d watch for momentum toward $145, then potentially $135–$140.
But if buyers absorb the unlock and price reclaims/holds $160+, that would be a very different signal:
Huge new supply + no breakdown = strength.
Everyone is asking whether the unlock causes a 10% dump.
I’m more interested in what happens when hundreds of millions of newly eligible shares hit the market…and the stock refuses to fall. 👀
#ElonMusk #SolanaTokenizedStockVolumeTops$4.4BInSeptember #BitcoinSpotETFsDraw$6.34BInflowsInQ3 #SECHaltsCryptoETFReviewsAmidFundingLapse #SpaceX
SpaceX has two major lockup releases scheduled this month:
Oct. 9: up to 328.4M shares
Oct. 24: up to another 328.4M shares
That’s 656.8M shares becoming eligible to sell. At roughly $160/share, that represents about $105B worth of stock entering the eligible supply pool.
Now compare that with a roughly $2T+ market cap.
Does that mean $105B gets dumped? No. Unlock ≠ automatic selling.
But after a strong run into the unlock window, traders should absolutely respect the potential supply overhang.
👇👇👇👇
If $SPCX loses $150–$152 after the first unlock, I’d watch for momentum toward $145, then potentially $135–$140.
But if buyers absorb the unlock and price reclaims/holds $160+, that would be a very different signal:
Huge new supply + no breakdown = strength.
Everyone is asking whether the unlock causes a 10% dump.
I’m more interested in what happens when hundreds of millions of newly eligible shares hit the market…and the stock refuses to fall. 👀
#ElonMusk #SolanaTokenizedStockVolumeTops$4.4BInSeptember #BitcoinSpotETFsDraw$6.34BInflowsInQ3 #SECHaltsCryptoETFReviewsAmidFundingLapse #SpaceX
