According to @StockMarketNerd, Carvana CVNA delivered a more than 30x advance, then a 98% drawdown, and nearly a 100x rebound coinciding with its addition to the S&P 500 (source: @StockMarketNerd). For traders, index inclusion can trigger mechanical buy flows from passive funds that track the S&P 500, which can amplify short-term liquidity and volatility around rebalance dates (source: S&P Dow Jones Indices methodology). This extreme swing profile underscores the need for tight position sizing and stop discipline during index-adjustment windows, using the performance history cited by @StockMarketNerd for context and the rebalance mechanics from S&P Dow Jones Indices for execution timing (sources: @StockMarketNerd; S&P Dow Jones Indices methodology). Crypto angle: risk-on bursts in high-beta US equities have shown positive short-term correlation with BTC and ETH during 2023, so traders can monitor for momentum spillover if equity risk appetite broadens (source: Kaiko research, 2023).