#SPCXUSDT
SPCX is going wild! Soaring 27% in a single day, leaving shorts in the dust!
The aftermath of SpaceX's IPO is still shaking things up, and the crypto derivative SPCXUSDT has gone completely bonkers! In just 24 hours, it jumped from $167 all the way to $228, with a volatility of over 36%!
Massive trading volume, and shorts are getting crushed—$16.99 million liquidated in the last 24 hours, with short positions totaling $15.37 million! A giant whale on-chain opened a short of 111,000 shares at $173, already facing a loss exceeding $4.46 million, with a liquidation price of $249.
Moreover, some big players jumped in with 10x leverage after breaking through $210, raking in a paper profit of $2.1 million!
The pre-market rise of the underlying stock has fallen from around 7% down to about 4%. As the speculative frenzy cools down, be wary of a significant pullback. So, what's next—chasing highs or just watching the show?
SPCX is going wild! Soaring 27% in a single day, leaving shorts in the dust!
The aftermath of SpaceX's IPO is still shaking things up, and the crypto derivative SPCXUSDT has gone completely bonkers! In just 24 hours, it jumped from $167 all the way to $228, with a volatility of over 36%!
Massive trading volume, and shorts are getting crushed—$16.99 million liquidated in the last 24 hours, with short positions totaling $15.37 million! A giant whale on-chain opened a short of 111,000 shares at $173, already facing a loss exceeding $4.46 million, with a liquidation price of $249.
Moreover, some big players jumped in with 10x leverage after breaking through $210, raking in a paper profit of $2.1 million!
The pre-market rise of the underlying stock has fallen from around 7% down to about 4%. As the speculative frenzy cools down, be wary of a significant pullback. So, what's next—chasing highs or just watching the show?