Major Crypto Platforms Cancel Tokenized SpaceX IPO Access
- Cancellation of Tokenized Access: Bybit, Binance, Bitget Wallet, and MEXC canceled their tokenized SpaceX IPO campaigns due to xStocks' failure to provide allocations, leaving users without promised shares and triggering refunds, highlighting operational risks in tokenized IPO models.
- Strong Market Response: SpaceX's IPO was reported as over four times oversubscribed, raising $75 billion, with shares opening at $150 and closing at $161.11, valuing the company at over $2 trillion; however, the tokenized structure failed to convert this demand into actual allocations.
- Refunds Underway: Affected users will receive refunds, but no SpaceX allocation distribution is expected due to delivery issues with xStocks, reflecting the dependency of tokenized IPOs on real-world allocation rights.
- Trust in the Industry Shaken: The incident has impacted confidence in crypto platforms, with Bitget Wallet's COO acknowledging user disappointment and stating the company will move forward, emphasizing the need for tighter operational safeguards in future tokenized IPO 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
