$SPCX — 328 MILLION SHARES JUST GOT UNLOCKED. 🚨
Around 328.4M SpaceX shares became eligible for trading on Sept. 24, worth nearly $48.7B at the prior close.
That doesn’t mean all 328M shares will be sold.
But it does mean one thing:
A massive new supply overhang just hit the market.
SPCX already dropped roughly 4% on Sept. 23 ahead of the unlock, as investors started pricing in potential selling from employees, early investors and insiders.
And we’ve seen this movie before.
A previous 319M-share unlock on Sept. 9 was also followed by a drop of more than 4%.
Now the question is simple:
Can buyers absorb billions in potential new supply — or does $SPCX need a deeper reset first? 👀
$AMD.US #BitcoinSpotETFsNetInflow$191M #CFTCUpdatesGuidanceOnTokenizedAssets #BitgetSays$352MAffectedInHack #BinanceWillListHyperliquid(HYPE) #FedProposesRulesForBankIssuedStablecoins
Around 328.4M SpaceX shares became eligible for trading on Sept. 24, worth nearly $48.7B at the prior close.
That doesn’t mean all 328M shares will be sold.
But it does mean one thing:
A massive new supply overhang just hit the market.
SPCX already dropped roughly 4% on Sept. 23 ahead of the unlock, as investors started pricing in potential selling from employees, early investors and insiders.
And we’ve seen this movie before.
A previous 319M-share unlock on Sept. 9 was also followed by a drop of more than 4%.
Now the question is simple:
Can buyers absorb billions in potential new supply — or does $SPCX need a deeper reset first? 👀
$AMD.US #BitcoinSpotETFsNetInflow$191M #CFTCUpdatesGuidanceOnTokenizedAssets #BitgetSays$352MAffectedInHack #BinanceWillListHyperliquid(HYPE) #FedProposesRulesForBankIssuedStablecoins
