Cryptocurrency bettors are increasingly expecting Space Exploration Technologies Corp. to close lower by the end of July, as the stock continues to trade below its IPO price amid renewed selling pressure.

SpaceX shares dropped below the $135 IPO price on July 15, falling over 30% from post-listing highs and shaking both traditional and tokenized equity

Space Exploration Technologies Corp (NASDAQ:SPCX) stock fell below its IPO price of $135 for the first time on Wednesday.

SpaceX remained below its IPO price as economist Peter Schiff warned that upcoming lockup expirations could weigh on the stock.

Cryptocurrency bettors are increasingly expecting Space Exploration Technologies Corp. to close lower by the end of July, as the stock continues to trade below its IPO price amid…