Trading volumes for tokenized pre-IPO perpetual contracts exploded in May 2026 following months of quiet trading according to fresh data from CoinGecko. Monthly figures jumped from $60.51 million in April straight to $701.44 million.
SpaceX Pre-IPO Buzz 🌙
SpaceX pre-IPO perpetuals dominated with $305 million in volume taking 43.5% of the total share. This hype built right before the Nasdaq debut on June 12. OpenAI and Anthropic followed in second and third place. Together the three names made up over 95% of all pre-IPO perp activity showing how concentrated things stayed. Prices for SpaceX contracts varied widely across platforms at first but tightened as listing details emerged.
In the lead-up CoinGecko found contracts hovering around $170 on Binance and WEEX while Coinbase Gate and OKX sat near $155. As more IPO info surfaced the quotes settled into the $160 to $165 zone by June 10. They climbed above $180 together in the final days. On June 12 fresh listing price intel triggered sharp swings yet pre-IPO marks still settled at an average of $157 which was 4.67% above the $150 open.
TradFi Assets on Crypto Venues 🦇
Beyond SpaceX exchanges kept pushing tokenized real world assets since early 2025. MEXC led with 199 spot assets plus 159 TradFi perpetuals for 358 total listings. Gate followed at 224 products while WEEX hit 192 across spot and perps. Platforms like HTX Binance Crypto.com Coinbase and OKX leaned heavier on perpetuals than spot RWAs each adding just one or two spot offerings in 17 months. On average exchanges listed 75 perpetuals against 37 spot RWAs. 🖤
Just another echo from the void by iconofsin.eth 💖
