Binance SpaceX’s tokenized IPO campaign attracted over $557 million in USDC deposits from approximately 27,689 wallet addresses ahead of the company’s highly anticipated public listing.

Wallets worth $20,000 or less accounted for more than 81% of participating addresses but only 18.39% of total funds, while 114 addresses contributed more than $500,000 each, representing approximately 10.2% of funds, according to Dune data.

Deposits show mighty pre-IPO demand for cryptocurrencies ahead of SpaceX’s Nasdaq debut on Friday, with the company searching raise $75 billion at a price of $135 per share and a valuation of approximately $1.8 trillion.

On the decentralized exchange Hyperliquid, after the May 18 pre-IPO market went live, SpaceX perpetual futures prices ranged from $180 to $200, implying a valuation closer to $2.5 trillion, Talos said on Tuesday. report. The implied share price approached IPO levels on Monday, but has since rebounded to $179.

SpaceX perpetual futures prices on Hyperliquid, Binance and other cryptocurrency platforms were trading at around $179. source: Talos

Talos in addition that cryptocurrency exchanges are becoming the modern place to discover pre-IPO stock prices, as Hyperliquid’s pre-IPO experts valued the recent Nasdaq debut of Cerebras (CBRS) at within 1.3% of its opening price of $350.

Related: Cryptocurrency exchanges are chasing the TradFi commodity market as price gaps persist

Crypto Rails points to a SpaceX IPO valuation of over $2 trillion

On the Polymarket forecasting market, it is 56% of participants betting that the SpaceX IPO will end with a market capitalization of $2 trillion to $2.5 trillion after the first day of trading, while 25% expect it to close at $1.5 trillion to $2 trillion.

SpaceX IPO Closes Market Cap Bets on Polymarket. Source: Polymarket.com

Meanwhile, more and more cryptocurrency exchanges are launching pre-IPO proxy offerings linked to Elon Musk’s rocket and satellite company.

OKX told Cointelegraph it is preparing to list SpaceX on its X-perps on Friday, offering European investors futures exposure to its long-awaited debut, with leverage of up to 10x.

The launch adds to a growing list of crypto platforms offering SpaceX-related products, including Bitget, Blockchain.com, Bybit, Kraken and Coinbase.

Warehouse: Can Robinhood or Kraken tokenized stocks ever become truly decentralized?