Altcoins News
By Maheen Hernandez
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SpaceX Exposure Drives the Numbers. The single biggest pull? SpaceX. Bitget's rSPCX token, which gives holders exposure to SpaceX…
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The Wider Tokenized Stock Market Is Moving Fast. Bitget's numbers don't exist in a vacuum. The broader tokenized equities market had a big June.
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Active Addresses Dropped 75% — That's Worth Watching. Monthly active addresses fell roughly 75% over the same 30-day window.
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Bitget's rToken crossed $100 million in assets just five weeks after launch. That's a fast clip for any financial product, let alone one sitting at the intersection of crypto…
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The product went live on June 2. By the time it cleared the $100 million mark, it had racked up $671.37 million in cumulative trading volume.
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The single biggest pull? SpaceX. Bitget's rSPCX token, which gives holders exposure to SpaceX equity, makes up 23.51% of total rToken assets.
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SpaceX's appeal here isn't hard to understand. It's one of the most talked-about private companies in the world, with a valuation that's climbed sharply over the past few years.
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And the 24/7 trading angle matters too. Traditional equity markets close. Crypto doesn't. For investors in Asia, the Middle East, or anywhere outside U.S.
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Total market value for tokenized stocks reached roughly $1.82 billion, up 26% over the past 30 days, according to RWA.xyz data. Monthly transfer volume climbed to $8.
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More context: Coinbase CLO Paul Grewal Moves to Advisory Role as July 31 Deadline Hits
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So on paper, the market looks healthy. Growing asset values, rising volumes, more holders.
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Monthly active addresses fell roughly 75% over the same 30-day window. That's a sharp drop, and it sits awkwardly next to all those positive volume and valuation figures.
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It doesn't necessarily mean the market is in trouble. Plenty of asset classes see this kind of concentration as they mature — early adopters move in big, casual participants…
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Read also: Marathon Digital Buys 2-Gigawatt Texas Site, Shares Spike 15% on AI Pivot
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The fractionalization argument still holds up in theory. If you can buy $50 worth of SpaceX exposure rather than needing to acquire a full share in a private round, that's…
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