SPCX Pre-Market Contract Prices to Shrink by 10%, TradeXYZ Declines to Adjust

According to a post on platform X by on-chain analyst Ai Yi, SPCX is set to open for trading soon. The total share count of SpaceX has been adjusted to 13.08 billion shares, reflecting a 10% increase. Assuming the total valuation remains unchanged, pre-market contract prices will shrink by 10%, affecting platforms that had previously listed this asset and their users. Exchanges such as Binance have followed up with a rebase mechanism, and the perpetual DEX Aster has also chosen to proactively adjust to prevent user losses. In contrast, TradeXYZ has announced it will not make any adjustments, insisting that it operates a "price-based perpetual contract," resulting in losses for long positions. TradeXYZ stated that stock splits are not uncommon in the U.S. stock market, where large-cap tech stocks often undergo forward stock splits to lower the per-share price for easier trading. The TradeXYZ team indicated that a solution is forthcoming.