Major Crypto Platforms Cancel SpaceX IPO Campaigns
- Tokenized IPO Cancellations: Bybit, Binance, Bitget Wallet, and MEXC canceled their tokenized SpaceX IPO campaigns due to the inability to secure underlying assets, leaving subscribers without expected allocations and triggering refunds, highlighting a crisis of trust in the market for tokenized products.
- Funding Flow Disruption: Binance's tokenized SpaceX IPO initiative was halted after attracting over $557 million in USDC deposits, demonstrating that despite strong user demand, the inability of xStocks to deliver underlying assets prevented further progress.
- Refund Measures Initiated: Bitget Wallet and MEXC announced they would refund affected users, with Bitget's COO expressing disappointment over the outcome and committing to efforts to restore user trust, indicating a focus on maintaining customer relationships.
- Market Risks Exposed: This incident underscores the execution risks associated with tokenized IPO products; despite the massive interest and oversubscription of SpaceX's IPO, crypto platforms were unable to convert subscriptions into actual allocations, reminding investors to be aware of the execution sensitivity of tokenized offerings.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR). As of , Major (MAJOR) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00938 | 0.0197 | 0.03 | 0.0403 | 0.0506 | 0.0609 | 0.0712 |
| Fibonacci | 0.0197 | 0.0276 | 0.0324 | 0.0403 | 0.0482 | 0.053 | 0.0609 |
About MAJOR
About the author








