June 12, 2026·Bearish·market event

Crypto SPAC AVAT Plunges 38% on NASDAQ Debut

Crypto SPAC AVAT crashed 38% on its NASDAQ debut, driven by capital outflows from the SpaceX IPO, Strategy's selling, and ETF redemptions. The listing occurred during a downturn in the four-year crypto cycle, exacerbating the decline.

Detected & updated continuously · Source: Ruma

Mentioned

AVAT (AVAT)

@Strategy

Sources

@rezosh

There couldn't have been a worse time to list a crypto SPAC on NASDAQ. The SpaceX IPO is draining capital, Strategy is selling, ETFs are bleeding outflows, and we're in the down leg of the four-year cycle. $AVAT went public and crashed 38% on day one. - Opened around $3, https://t.co/R3wLScET5y