Back

Bitget-Listed preSPAX Rises 6.3% in 24 Hours to 891 USDT

According to Bitget, the pre-IPO token (digital asset tied to private market exposure) traded well above its earlier 650 USDT subscription price.

USDT

Summary

preSPAX, a pre-IPO token (digital asset tied to private market exposure) listed on Bitget, traded at 891.00 USDT, up 6.30% over the past 24 hours, according to Bitget market data. The token was also more than 37% above its earlier subscription price of 650 USDT, indicating a gain since the initial offering reference point.

Terms & Concepts
  • Pre-IPO token: A digital asset linked to exposure before a company’s public listing, typically reflecting private market interest rather than publicly traded shares.
  • USDT: Tether, a U.S. dollar-pegged stablecoin widely used in cryptocurrency trading for pricing and settlement.
  • Subscription price: The initial price at which investors are offered access to a token or investment product before broader market trading begins.