Cointelegraph·3d ago·positive

Binance SpaceX tokenized IPO campaign draws $557M ahead of debut

Binance raised over $557M in USDC from 27,689 wallets for a tokenized SpaceX pre-IPO campaign, signaling strong demand for crypto-based pre-IPO exposure ahead of SpaceX's Nasdaq debut.

27,689 wallet addresses deposited $557M+ in USDC for tokenized SpaceX pre-IPO exposure on Binance.
114 large addresses contributed over $500K each, representing about 10% of total funds.
SpaceX perpetual futures on Hyperliquid trade around $179, implying a ~$2.5T valuation.
Polymarket bettors lean toward a $2T-$2.5T market cap after first-day trading.
OKX, Bitget, Bybit, Kraken and Coinbase are also offering SpaceX-linked products.

marketexchangeImpact 7/10

Why our editor rated this positive

Shows crypto markets functioning as price discovery venues for major traditional IPOs. Positive signal for tokenization and crypto adoption, though still early-stage.

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