According to data from Dune, cryptocurrency enthusiasts invested approximately $557 million into Binance Wallet's onchain SpaceX IPO subscription, distributed across 27,689 unique addresses. This offering allowed holders to place USDC deposits in anticipation of Friday's Nasdaq listing.
The distribution of contributions was notably uneven. Around 81% of participants contributed $20,000 or less, yet these smaller investors accounted for only 18% of the total funds raised. Participants contributing between $20,000 and $100,000 made up 17% of the total, contributing nearly 58% of the overall amount. Additionally, 114 addresses each contributed $500,000 or more, which collectively represented about 10% of the total.
This initiative reflects a segment of a much larger demand. SpaceX attracted over $250 billion in total interest, with retail orders exceeding $100 billion before pricing its shares at $135 for today's launch as SPCX.
This data illustrates the significant advance of onchain platforms in facilitating IPO access. While the number of participants skews towards retail investors, the majority of the funding originates from larger wallets.