Binance's SPCXx IPO Campaign, according to statistics from a third-party website, has already attracted over 6,500 participants, with a total of 135 million USDC raised. Both the number of participants and the funds are lower than I expected. I think there are two main reasons: 1. The campaign was announced a bit late, so funds were heavily diverted. 2. There's an Alpha points restriction. Only heavy Alpha IPO users with more than 200 points can get the full 500,000 USDC quota.