Postaus

🚀 From $225 to nearly $109... did the rocket run out of fuel before leaving the launch pad? SPCX genuinely made me laugh today. One minute everyone was calling it the next big thing, and now it's sitting around $108.9, barely moving, up just 0.08% over the past 24 hours. The daily range is only $106.92–$110.55, with just $6.71 million in trading volume. In simple terms? Liquidity is as thin as A4 paper, and the big players don't even seem interested. Here's the painful part: 📉 Since the June 16 high of $225.25, SPCX has dropped 51.65%—more than half its value. Current stats: • Market cap: $7.3 million • Circulating supply: 67,000 tokens • RSI: 50.2 (neutral) • MACD: Weak golden cross • Support: $105.04 • Resistance: $113.31 It's listed on just four exchanges (Bitmex, Biconomy, Coinstore, and Jupiter). Volume is concentrated, but there's still no convincing breakout. So why is it so weak? 1️⃣ The narrative faded. When SpaceX IPO'd on June 12, Backpack and Sunrise launched this tokenized stock on Solana with the promise of a 1:1 peg to the real shares. Hype exploded, on-chain volume reached $350 million, and everyone wanted in. Then reality hit. By July 23, the price had fallen from around $230 to $116—a 49.6% collapse. Large holders reportedly lost around $1.23 million on long positions, and market sentiment quickly disappeared. 2️⃣ Earnings and unlock pressure arrived together. SpaceX released its first public earnings report on August 4, followed by an internal unlock of roughly 911.5 million shares on August 6. That wave of potential supply added pressure, and the tokenized stock naturally felt the impact. 3️⃣ One whale is deeply underwater. A well-known Hyperliquid whale is still holding around 122,000 long positions with an average entry near $126. The floating loss is roughly $1.8 million, while the liquidation price sits around $22.27. At this point, they're simply holding on and hoping for a recovery. My view (just sharing thoughts, not financial advice) #DailyOrbit $BTC $ETH $SNDK