SpaceX-Linked Crypto Perpetuals Draw $18 Million a Day on IPO Speculation
Perpetual futures tied to SpaceX are averaging nearly $18 million in daily volume as traders use crypto markets to wager on a potential listing price ahead of any initial public offering, even though the contracts offer no equity ownership or legal claim. The shadow pre-IPO market has taken shape amid reports that SpaceX is looking to go public at a valuation of about $1.8 trillion.
Similar contracts tied to Cerebras were said to track that company's debut, helping establish crypto venues as an informal price-discovery tool before listings. But Ventuals' SpaceX pre-IPO perpetual on Hyperliquid plunged nearly 45% in 30 minutes, liquidating 484 accounts, and the firm later pledged to compensate affected users.
From the sources (10 posts)
@cointelegraph🚨 UPDATE: Hyperliquid launched a SpaceX perpetual contract, raising new questions over on-chain private market pricing, per Forbes.
@tyler_did_itRough day for pre-IPO SPACEX traders on Hyperliquid A 45% flash crash from ~$2,280 to ~1,280 wiped out $1.5M in longs across hundreds of traders
@coinmarketcapLATEST: 📊 Hyperliquid’s SpaceX perpetual contract plunged nearly 45% in 30 minutes, liquidating 405 users and wiping out $1.51M in notional value as thin liquidity amplified a large sell order.
@leviathan_newsHyperliquid SpaceX perp flash crashes 45%, liquidating $1.5M across 405 traders 🔗 🕵️ Benthic
@wublockchainHyperliquid SPACEX-USDH Perp Plunges Nearly 45% After Oracle Data Error Hyperliquid’s SPACEX-USDH perpetual contract plunged nearly 45% in 30 minutes on Thursday, falling from $2,277 to $1,254 before rebounding to around $2,169. The move l
@cryptorover🚨 THE US STOCK MARKET COULD COLLAPSE... he S&P 500 priced in money supply just hit the dotcom peak. Again. Last time we were here: 2000. What followed: -72% over the next 9 years. Michael Burry just said it out loud: "Adjusted for infla
@fintechfrankSpaceX IPO hype is spilling into crypto markets. Perpetual futures tied to SpaceX, offering no equity ownership or legal claim, are averaging nearly $18M in daily volume as traders bet on a future listing price before any IPO. Similar con
@kalshiJUST IN: SpaceX reportedly looking to go public at valuation of $1.8 trillion
@coinmarketcapUPDATE: ⚡ Ventuals pledged to compensate users after its SpaceX pre-IPO perpetual on Hyperliquid dropped 45% in 30 minutes, liquidating 484 accounts.
@cryptorover🚨 SPACEX MAY BE THE BIGGEST INSIDER CASHOUT IN MARKET HISTORY!!! SpaceX is expected to go public on June 12 at a valuation of $1.75-$2 TRILLION. That would instantly make it larger than Microsoft and second only to Apple and Nvidia in the