🚨💸 One billion dollars in SpaceX token requests went unfilled in the largest market IPO ever 👀
📊 Reports indicate that xStock, the provider backed by krakenfx, which supplies infrastructure for platforms like binance, Bybit_Official, bitget, and MEXC, failed to secure any allocations of SpaceX shares during the IPO.
❌ The result?
All requests across the four platforms were canceled, and funds were fully refunded to investors.
🔥 Investors seeking on-chain exposure to the SpaceX IPO via tokenized assets found themselves completely out of the deal following the allocation failure.
🌐 This incident highlights the ongoing challenges that tokenized markets face when handling large public offerings, especially when demand far exceeds supply.
The largest IPO...
And the biggest disappointment for those looking for token exposure to SpaceX 👀
📊 Reports indicate that xStock, the provider backed by krakenfx, which supplies infrastructure for platforms like binance, Bybit_Official, bitget, and MEXC, failed to secure any allocations of SpaceX shares during the IPO.
❌ The result?
All requests across the four platforms were canceled, and funds were fully refunded to investors.
🔥 Investors seeking on-chain exposure to the SpaceX IPO via tokenized assets found themselves completely out of the deal following the allocation failure.
🌐 This incident highlights the ongoing challenges that tokenized markets face when handling large public offerings, especially when demand far exceeds supply.
The largest IPO...
And the biggest disappointment for those looking for token exposure to SpaceX 👀