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BlockchainFinance

SPCX will undergo its second unlock tonight


This unlock involves 319 million shares, accounting for 2.4% of the total shares outstanding
Previously, 912 million shares were unlocked on August 6
During the first unlock, the earnings report helped drive the price, which first rose and then fell
Before the earnings report, it rose from 120 to 140, then fell from 140 to around 120 after the unlock
Today’s second unlock, however, has no earnings report to help drive the price
Some liquidity has shifted into crypto, while U.S. stocks have stopped falling
However, SPCX remains in a steady decline in premarket trading
If there is no additional positive news to drive the price this time
The price will likely continue to move lower after the unlock
If it breaks below 135 today, the next unlock will also be coming soon$SPCX #SPCX
SPCX-1.93%
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Auditor
· 57m ago
The unlock curse is back—don’t rush to catch a falling knife.
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IchimokuWalker
· 1h ago
At least last time there were earnings to back it up: they pushed it up first, then dumped it. This time, it’s running completely naked—the steady pre-market decline has already said it all.
View OriginalReply0
CapitalManager
· 1h ago
All the funds are flowing into crypto, leaving no one to care about U.S. stocks. With 319 million shares dumped and no positive news to provide support, breaking below 135 is only a matter of time.
View OriginalReply0

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