Crypto users committed about $557 million to Binance Wallet’s onchain SpaceX IPO subscription, spread across 27,689 addresses, according to Dune data. The product let holders deposit USDC for exposure to Friday’s Nasdaq listing.
The split was lopsided. Addresses putting in $20,000 or less made up about 81% of participants but only 18% of the funds. The $20,000 to $100,000 bracket was 17% of participants and nearly 58% of the total. And 114 addresses put in $500,000 or more, the apparent cap, supplying about 10% on their own.
This is the crypto-native slice of a far bigger wave. SpaceX drew more than $250 billion in total demand, with retail orders alone above $100 billion, before pricing at $135 a share for today’s debut as SPCX.
The breakdown shows how far onchain rails have moved into IPO access. The crowd is retail by headcount. The dollars still come from the big wallets.
