SpaceX Tokenized Stock SPCX Sees $700M Trading Surge

A significant share unlock for SpaceX has triggered a massive reaction in the crypto markets. Traders are moving quickly to react to the news, pushing the trading volume for the tokenized version of the stock, known as SPCX, to nearly $700 million on the Gate exchange.

While the underlying company stock faced early pressure after the unlock, the digital tokenized version is seeing intense interest. This spike in activity suggests that investors are bracing for potential price swings as the market adjusts to the increased supply of shares.

Traders are now watching the price action closely to see if this momentum holds. Because tokenized stocks act as a proxy for traditional equity, this activity highlights how closely linked private tech valuations have become with the broader crypto trading community.