As traditional finance accelerates its integration with the cryptocurrency market, the Ourbit SuperCEX launched Super IPO sector is becoming one of the focal points in the recent market. This product aims to track the market value performance of target companies before and after key events such as IPOs and mergers, allowing cryptocurrency users to participate in the "pre-IPO" market of popular global technology companies without the need to open overseas brokerage accounts. Following the first phase SpaceX (SPAX), the second phase target OpenAI (OPENAI) also recorded significant price increases after its launch, sparking widespread market discussions about the secondary market performance of both products.

Secondary Market Performance: SpaceX and OpenAI Show Significant Increases

According to market data from the Ourbit platform, as the first project in the Super IPO, SpaceX (SPAX) started at an opening price of 200 USDT and peaked at 839.95 USDT, a price increase of over 4 times from the opening price; as of this report, SPAX/USDT is quoted at 788.07 USDT, still maintaining a relatively high oscillation range.

The second project OpenAI (OPENAI) also performed excellently after its token delivery went live on May 18. It opened at 500 USDT and soared to 899.82 USDT on the first day, with a maximum increase of about +80%; the latest quote is 886.52 USDT, with a 24-hour increase of +77.3%, both targets outperforming mainstream cryptocurrency assets during the same period, indicating a markedly optimistic market sentiment.

Subscription Data: Oversubscription More Than 10 Times, Highlighting Market Heat

According to the public subscription data for the OpenAI Super IPO, the market participation for this project was significantly higher than expected. The subscription price was set at 699 USDT / OPENAI (officially claimed to be the lowest price among similar products across the network), with a total subscription amount of 3,000 OPENAI, corresponding to a total value cap of 2,097,000 USDT. However, during the subscription window, the actual amount subscribed reached 22,308,752.95 USDT, with participation from 3,943 people, pushing the public subscription progress to 1,063.84%, resulting in an oversubscription of more than 10 times.

The market feedback reflected by the data is quite direct: the total funding attracted by the first phase of OpenAI exceeded the subscription cap by more than 10 times, with nearly 4,000 participating addresses, showing strong demand from cryptocurrency users for "pre-IPO" targets in the primary market. Additionally, the USDT invested during this subscription period can also enjoy a higher annualized return design, making the overall cost-effectiveness highly attractive to retail investors, which is one of the significant reasons for the subscription scale breaking through the cap.

Product Positioning: Filling the Gap for Cryptocurrency Users in Traditional IPO Markets

Public information shows that OpenAI, as the target for this phase, is currently a leading consumer AI provider globally, with weekly active users reaching around 900 million and rapidly expanding in the enterprise-level Agent AI sector with products like Codex. The company's recent financing round reached a record-breaking $122 billion, with participation from companies like Microsoft, NVIDIA, Amazon, and SoftBank. Given this valuation, the barriers for ordinary investors to participate directly in OpenAI's equity through traditional channels are very high; products like Super IPO provide investors with a more convenient path to participate.

From the product positioning perspective, Ourbit, as a SuperCEX bridging cryptocurrency and traditional finance (TradFi), is recently continuing to expand its asset dimensions around the "Trade Everything" strategy—ranging from cryptocurrency spot and contracts to tokenized US stocks, ETFs, commodities, and foreign exchange, as well as Tap Trading, Super IPO, and prediction markets—allowing users to access trading opportunities for both cryptocurrency and traditional assets within the same app. The Super IPO sector is a key puzzle piece for the implementation of the "Trade Everything" strategy.

Market Observation: Historical Performance Shows Wealth Creation Effects

From the two launched projects, it appears that Super IPO tends to select global renowned, non-listed tech companies that are difficult to access in traditional markets—both SpaceX and OpenAI meet this criterion, which is also one of the important reasons for the high market attention on this sector in the short term. Both products have recorded significant increases after their launch, combined with oversubscription data of over 10 times,

Ourbit Super IPO has established a connection path with real wealth creation effects between cryptocurrency users and "traditional tech unicorns".

With the successful launch of the first phase SPAX and the second phase OPENAI, the market is generally keen to see what new star targets Super IPO will introduce next. Considering Ourbit's existing accumulation in compliance and security—having passed Hacken's extensive penetration tests and authoritative audits, providing a 1:1 reserve proof, and completing CODE Travel Rule compliance integration—this security foundation safeguards Ourbit's continuous and stable expansion of new products, also allowing the highly welcomed product line of Super IPO to have further potential for growth.

However, it is worth noting that the price performance of such contract-type products is influenced both by the fundamentals of the target companies and by factors such as market sentiment and liquidity depth in the cryptocurrency market, resulting in significantly higher volatility than traditional stocks. Investors engaging in such high-elasticity assets must still conduct careful assessments of their own risk tolerance.

About Ourbit

Ourbit is a leading SuperCEX that connects cryptocurrency with traditional finance (TradFi). Built by Degens for Degens, we support 24/7 trading of stocks, ETFs, commodities, foreign exchange, and cryptocurrencies. Ourbit offers the industry's lowest fee standards, covering 0-fee incentives for all spot and certain contract trading pairs. With strong liquidity and high leverage trading support, we are dedicated to building a comprehensive ecosystem to help community members achieve their wealth dreams.

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