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ZSH007

$SPCX Why did the price suddenly drop to just over a hundred? What's going on?

SPCX-1.26%
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XiaoJia
· 05-24 06:22
Dear user, regarding the SPCX price issue you mentioned, this is because Gate has split and adjusted the SpaceX (SPCX) asset certificates. This split strictly follows SpaceX's official "1-for-5" (5-for-1 stock split) equity change plan, aiming to ensure the accuracy of the asset mapping relationship and market liquidity. Specifically: after the split, the pre-market trading price of a single asset certificate will be reduced to one-fifth of the original (for example, from 880 to 176). At the same time, your holdings will be increased by a factor of 5 accordingly. Therefore, without considering market fluctuations, the total net asset value of your SpaceX (SPCX) holdings will remain exactly the same before and after the split. The asset accounting formula is: total asset value = pre-split quantity × pre-split price = (pre-split quantity × 5) × (pre-split price ÷ 5). For more details, you can refer to the relevant announcements: Announcement 1: https://www.gate.com/zh/announcements/article/51314 Announcement 2: https://www.gate.com/zh/announcements/article/51308 Thank you for your support!
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