Human history's largest-scale IPO $SPCX is about to open, and Hyperliquid, which previously enjoyed US-stock traffic, now seems awkward 😅
▪️ SpaceX total share count adjusted to 13.08 billion shares, up 10%
▪️ With the total valuation unchanged, the pre-market contract price will shrink by 10%, affecting platforms and users that previously listed the symbol
▪️ Exchanges such as Binance are following the rebase, and Aster on the Perp DEX also chose to adjust proactively to avoid user losses
▪️ TradeXYZ, however, announced no adjustments, insisting it is a “price-based perpetual contract,” causing long positions to suffer
The key point is that stock splits are common in US equities; large tech stocks like Nvidia perform forward splits when per-share price is too high for trading. If TradeXYZ encounters a 1-for-10 split in the future, it could go to zero… Not to mention the possibility of reverse splits, which could turn things into a mess (though the likelihood is low)
The team says a solution will be provided, so we just have to wait a bit longer.

Paimon SpaceX SPV Token (SPCX)
Paimon SpaceX SPV Token SPCX Lịch sử giá USD
Sở hữu SPCX ngay
Mua và bán SPCX dễ dàng và an toàn trên BitMart.Paimon SpaceX SPV Token X Insight
A note on the SPCX pre-IPO (IPOP) contract:
TradeXYZ IPOP contracts are price-based perpetual contracts that track the market-implied expected price of one share of Class A or common stock. Neither share count nor market cap are an input to the market specification, oracle methodology, or conversion treatment.
Our documentation had previously featured educational examples showing how a user might derive their own fair price in a scenario where they started with a view on both market cap and share count. Although these examples were included for context, we received feedback that they caused confusion, so we have removed them from the documentation.
TradeXYZ does not use, publish, or rely on a share-count or market-cap denominator for SPCX or any other XYZ market. When SpaceX completes their IPO and sufficient external market data becomes available, SPCX is expected to transition to standard external oracle pricing, and the contract is expected to converge toward the public trading price.
. @binance doesn't want to miss the $SPCX hype train either.
Just one day before the SPCX IPO, Binance has officially rolled out its subscription allocation details.
Here's what participants are looking at👇
: Subscription Period: June 11, 08:00 – June 12, 12:00
: Minimum Subscription: 100 USDC
: Subscription Price: 135 USDC per share (+5% underwriting fee), bringing the actual cost to 141.75 USDC
: Allocation Mechanism: The more Alpha Points you have, the larger your allocation. Even the lowest tier starts at a 20,000 USDC staking requirement.
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Now, technically this isn't a first-come, first-served sale since allocations are quota-based. But if you've been around crypto long enough, you know how these things go. The rules might say one thing, yet when demand explodes, platforms sometimes end up adjusting timelines, capping participation, or closing access earlier than expected. We've seen it happen before with hot subscriptions and launch events. What's funny is how familiar this all feels. A few years ago everyone was chasing Launchpads, IEOs, and meme coin public sales. Today? The crowd is rushing toward #SPCX .
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Crypto traders may change what they're buying, but the game itself never really changes.
WHAT YOU ALL THINK ? LEAVE A COMMENT BELOW
. $SPCX IPO's day before, Binance finally launched the allocation 😌
▶︎ Subscription period: 06.11 08:00 - 06.12 12:00
▶︎ Subscription threshold: 100 USDC
▶︎ Subscription price: 135 USDC (plus a 5% underwriting fee, actual amount is 141.75)
▶︎ Subscription quota: The more Alpha points you have, the larger the staked share, with the minimum tier being 20,000 USDC
Although allocation is quota‑based, it’s best not to wait until the last minute; other platforms have previously closed the subscription window early due to overwhelming demand — crypto enthusiasts who have previously participated in Meme public offerings / Launchpad subscriptions are rushing to SPCX IPO, the playbook remains the same, only the target has changed.
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