SpaceX Tokenized IPO Campaign Draws $557M on Binance Ahead of Debut

Binance’s SpaceX tokenized IPO campaign attracted more than $557 million in USDC deposits from roughly 27,689 wallet addresses ahead of the company’s public listing. Wallets contributing up to $20,000 made up over 81% of participating addresses but accounted for just 18.39% of the total funds, while 114 addresses each put in more than $500,000, representing about 10.2% of the deposits, Dune data shows.

The inflows point to strong demand for crypto-based pre-IPO exposure as SpaceX prepares for its Nasdaq debut on Friday, seeking to raise $75 billion at $135 a share for an around $1.8 trillion valuation. On decentralized exchange Hyperliquid, SpaceX perpetual futures traded in the $180–$200 range after the pre-IPO market opened on May 18, implying a valuation nearer $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 about $179, with perpetuals trading around $179 across Hyperliquid, Binance and other crypto platforms.

United States

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