SPCX has falling more than 50% from its all time high

[Oshosondy]

I will be talking about the tokenized SPCX price, but I am also referring to the stock.

The all time high was $228, $114% is the 50% drop, but the coin has fallen  to $110. The lowest price was $104 which it fall to a day before yesterday but increased to $130 yesterday and started falling and now at $110.

I think many people rushed in, bought the IPO and also bought when the coin was launched. They made almost 2x gain and dump the stock for now.

What could be the future of the stock and token?

Is the stock still overvalued?

[el kaka22]

It was clear from day 1 that we were not going to see the early days being bright. I have no idea why people got in so quickly; it was never designed to make you profit in the early days itself. Because there were so many stocks that got unlocked that would be sold, and we have seen what that is doing right now. We should not be considering how this could change all that much for the long term as well. I understand things aren't always that clear, black and white for the economy and stock market; sometimes even that many unlocked could mean the price could still go up if there is enough buy pressure, but we all knew there wasn't enough buy pressure to begin with.

So there isn't really anything we could do to make it work; we should not consider this as something that would benefit us. In the end, SpaceX will be a great thing to invest in, I would say; if it goes under 100, get some. But the early days were a bad idea because of how many stocks were unlocked to be sold, and people made a mistake betting on it.