SpaceX Pre-IPO Crash: Perpetuals Plunge 45% Fast

29-May-2026 TronWeekly

The SpaceX pre-IPO perpetual contract, trading under the ticker SPCX on Hyperliquid, suffered a rapid 45% price crash within minutes. It has now sparked widespread discussion across the crypto derivatives and blockchain trading community. This incident demonstrates the risks of market structure changes as SpaceX’s pre-IPO and other tokenized equity exposure gain popularity on decentralized […]

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