SpaceX tokenized IPO campaign draws $557M on Binance ahead of debut
Binances SpaceX tokenized IPO campaign attracted over $557 million in USDC deposits from about 27,689 wallet addresses ahead of the companys highly anticipated public listing. Wallets contributing up to $20,000 accounted for more than 81% of participating addresses but only 18.39% of total funds, while 114 addresses contributed over $500,000 each, representing about 10.2% of the funds, according to Dune data. The deposits point to strong demand for crypto-based pre-IPO exposure ahead of SpaceXs Nasdaq debut on Friday, with the company seeking to raise $75 billion at $135 a share and an around $1.8 trillion valuation. On decentralized exchange Hyperliquid, SpaceX perpetual futures traded in the $180 to $200 range after the pre-IPO market went live on May 18, implying a valuation closer to $2.5 trillion, Talos said in a Tuesday report. The implied share price moved closer to the IPO level by Monday but has since rebounded to $179. SpaceX perpetual futures traded at around $179 across Hyperliquid, Binance and other crypto platforms. Source: Talos Talos added that crypto exchanges are becoming a new price discovery venue for pre-IPO stocks, as Hyperliquids pre-IPO perps priced Cerebras (CBRS) recent Nasdaq debut within 1.3% of its $350 opening price. Related: Crypto exchanges chase TradFi commodities market as









