Binance Wallet SpaceX IPO Subscription Raises $557 Million

The SpaceX IPO subscription via Binance Wallet attracts a total of around $557 million, distributed across 27,689 addresses. This is according to data from Dune. The distribution shows a striking pattern: most participants subscribe for small amounts, but the big money comes from a relatively small group of large players.

Small investors dominate in numbers, not in capital

Of all participating addresses, 81.48% subscribe for $20.000 or less. Yet this large group represents only 18.39% of the total capital invested. In absolute numbers, this amounts to 22,561 addresses with an average contribution of $4.544 per address.

The middle group, addresses contributing between $20.000 and $100.000. accounts for 16.69% of participants but represents a whopping 57.67% of the total fund amount. That is 4,622 addresses with an average contribution of $69.537, This segment provides by far the largest contribution to the total.

Large investors steer the overall picture

The group with the largest subscriptions also stands out. In total, 114 addresses subscribe for $500.000 or more, which amounts to just 0.41% of all participants. Yet their combined contribution accounts for $57 million, or 10.23% of the total amount. Each of these addresses is at the maximum subscription amount of $500.000,

The categories in between also show a similar picture. The 292 addresses between $100.000 and $200.000 together represent $44.7 million, while the 100 addresses in the range of $200.000 to $500.000 collectively contribute $31.7 million. This makes Binance Wallet a serious platform for both retail investors and large institutions. Earlier, Binance also set records with Ethereum, where open interest on Binance reached an all-time high, as previously reported.