《SpaceX IPO: Why Did the Crypto Community Get Burned?》 (Author: Wu Blockchain) SpaceX went public on Nasdaq on June 12, with an IPO price of $135 and closed its first day up about 19%. Before the listing, crypto platforms like Kraken, Bybit, Binance, and Bitget had launched tokenized IPO subscription activities for SpaceX through channels like xStocks. According to a report by The Block, platforms such as Bybit, Binance, and Bitget canceled related allocations due to insufficient underlying stock supply and initiated refund or compensation arrangements. This incident highlights how tokenized stock products are still constrained by the traditional underwriting system when it comes to securing mainstream IPO quotas. Read more: https://www.(wublock123.com)/articles/spacex-token-ipo-why-crypto-investors-got-scammed-59101