SPCX—this story can be told in two sentences.

Before it was listed, it was the village’s hope. The slogan rang out—consensus was firm. Not getting on the train means you’re basically going against your own money. After it was listed, the village fell into despair.
The candlestick chart kept trending south. Those trying to bottom-fish jumped in halfway up the slope, and those holding long held on until they had no temper left. In the group, the vibe changed from “charge” to “rescue,” from showing off profits to competing over who lost less.
As of yesterday, the market cap had evaporated by one trillion. One trillion—not ten thousand. Faith, savings, leverage, sleep—all evaporated with it.
Looking back, the frenzy before the listing was like a collective hallucination—everyone thought they weren’t the last one standing with the bag, but in the end, everyone was the last one with the bag.
Qianjin doesn’t take sides—you decide for yourselves.
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