SpaceX IPO'd at $135, ran all the way to $225 in a few days. anyone who bought near the top is sitting on a 25-30% loss right now since it pulled back to $161
Honestly saw this coming. classic pattern with hyped IPOs, early investors and insiders use the retail euphoria to offload, then it cools off hard once the lockup excitement fades
So I opened a 5x short on Canborsa DEX right around $220 once it started losing momentum
Did the math, even a 15% pullback at 5x leverage is a 75% return on the position. wild how fast that adds up
Found out Canborsa is the only RWA perp dex on Canton, so I could short SPCX onchain directly. tokenized stocks, commodities, crypto, no kyc, no middleman, trade whenever you want
Anyone else play the post-IPO fade or did you actually buy the hype at the top?