SpaceX's recent IPO is off the charts.
Binance Wallet has raked in $557 million.
A total of 27,689 addresses participated.
But the cash flow isn't just from retail investors.
It's the whales driving the action.
Dune data shows that Binance Wallet's SpaceX IPO subscriptions have drawn approximately $557 million in funding, with 27,689 participating addresses.
On the surface, it looks like retail is super hyped, but digging into the data reveals some interesting insights: addresses with less than $20,000 account for 81.48% of participants, yet only contribute 18.39% of the funds; the real heavy lifting comes from the $20,000 to $100,000 tier, which represents just 16.69% of the participants but contributes 57.67% of the total funds.
Even more, there are 114 addresses that each subscribed over $500,000. This small group contributes 10.23% of the total funding.
This indicates that SpaceX's IPO isn't just a retail FOMO.
With on-chain wallets, tokenized securities, and IPO subscriptions starting to connect, crypto users are getting ahead of traditional primary market narratives by participating on-chain. The real shift is that IPOs used to be the domain of brokerage firms and institutions; now wallet access is also vying for this traffic.
But let's not forget, subscribing doesn't guarantee allocation.
The hype is already at max capacity; next, we’ll see how the allocation results pan out and the first-day performance—can it meet the $557 million expectations? $BTC
$ETH #SpaceX750亿美元上市
Express shipping will be on its way back to France soon, and based on Eastern Airlines' results, the views will get even better. After enduring hardships, come check it out, and you'll understand.
Express shipping will be on its way back to France soon, and based on Eastern Airlines' results, the views will get even better. After enduring hardships, come check it out, and you'll understand.
Express shipping will be on its way back to France soon, and based on Eastern Airlines' results, the views will get even better. After enduring hardships, come check it out, and you'll understand.
Express shipping will be on its way back to France soon, and based on Eastern Airlines' results, the views will get even better. After enduring hardships, come check it out, and you'll understand.
Express shipping will be on its way back to France soon, and based on Eastern Airlines' results, the views will get even better.
Binance Wallet has raked in $557 million.
A total of 27,689 addresses participated.
But the cash flow isn't just from retail investors.
It's the whales driving the action.
Dune data shows that Binance Wallet's SpaceX IPO subscriptions have drawn approximately $557 million in funding, with 27,689 participating addresses.
On the surface, it looks like retail is super hyped, but digging into the data reveals some interesting insights: addresses with less than $20,000 account for 81.48% of participants, yet only contribute 18.39% of the funds; the real heavy lifting comes from the $20,000 to $100,000 tier, which represents just 16.69% of the participants but contributes 57.67% of the total funds.
Even more, there are 114 addresses that each subscribed over $500,000. This small group contributes 10.23% of the total funding.
This indicates that SpaceX's IPO isn't just a retail FOMO.
With on-chain wallets, tokenized securities, and IPO subscriptions starting to connect, crypto users are getting ahead of traditional primary market narratives by participating on-chain. The real shift is that IPOs used to be the domain of brokerage firms and institutions; now wallet access is also vying for this traffic.
But let's not forget, subscribing doesn't guarantee allocation.
The hype is already at max capacity; next, we’ll see how the allocation results pan out and the first-day performance—can it meet the $557 million expectations? $BTC
$ETH #SpaceX750亿美元上市
Express shipping will be on its way back to France soon, and based on Eastern Airlines' results, the views will get even better. After enduring hardships, come check it out, and you'll understand.
Express shipping will be on its way back to France soon, and based on Eastern Airlines' results, the views will get even better. After enduring hardships, come check it out, and you'll understand.
Express shipping will be on its way back to France soon, and based on Eastern Airlines' results, the views will get even better. After enduring hardships, come check it out, and you'll understand.
Express shipping will be on its way back to France soon, and based on Eastern Airlines' results, the views will get even better. After enduring hardships, come check it out, and you'll understand.
Express shipping will be on its way back to France soon, and based on Eastern Airlines' results, the views will get even better.