The SpaceX IPO may have officially arrived on June 12, but traders in crypto markets had already been placing their bets weeks earlier.
That’s because tokenized versions of SpaceX shares were actively trading in the pre-market, giving investors an early glimpse into where demand and supply were building before traditional markets even opened. Now, those early levels are proving surprisingly relevant.
SPCX/USDT.P on Binance has climbed roughly 41% since June 12, highlighting strong interest in the tokenized version of SpaceX shares.
More interestingly, today’s rally brought price back into the $224-$228 supply zone that had previously emerged during pre-market trading. Meanwhile, buyers initially stepped in around the $160-$165 demand area on the four-hour chart, establishing what became the foundation for the latest advance.
Markets love memory, and this week appears to be another example of that principle in action.
Then came Elon Musk. A post published today by the SpaceX and Tesla CEO quickly gained traction across X after he shared thoughts on the future of artificial intelligence and solar energy.
Musk wrote that if humanity could harness just one millionth of the Sun’s power for AI, it would represent intelligence vastly exceeding that of humanity. The post reportedly attracted nearly 8 million views, adding fresh attention to the broader SpaceX narrative.
Coincidence or catalyst? Traders seem to have made up their minds.
For now, SPCX continues to benefit from growing market attention following the SpaceX IPO debut.
The combination of active trading in tokenized markets, strong post-listing performance, and renewed visibility from Musk’s viral commentary has helped keep momentum elevated. As a result, market participants are closely watching whether future updates from Musk or SpaceX can sustain interest in both traditional shares and tokenized versions trading across crypto exchanges.
At the moment, SPCX remains one of the most closely watched post-IPO assets across both markets.
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