A SpaceX-linked token generated $45.59 million in 24-hour trading on Robinhood Chain as turnover rose across 192 tracked instruments despite a decline in their combined onchain value.
At 7:32 a.m. ET (11:32 UTC) on Oct. 21, the token, labeled SPCX, was quoted at $160.09. That was 8.3% above the $147.79 regular-session close for SpaceX shares on Oct. 20. The gap compares prices from different sessions; separately, SPCX’s onchain price had risen 9.3% over 24 hours.
SPCX’s trading volume increased 195.1% over that period. Its $45.59 million total exceeded the $27.04 million recorded for the Nvidia (NVDA) token and $25.85 million for the SPDR S&P 500 ETF (SPY) token.
Across all 192 instruments, 24-hour volume reached $151.60 million, up 49.1%. Their combined onchain market capitalization fell 0.9% to $151.95 million. An Oct. 20 reading of Robinhood Chain trading also showed turnover rising as capitalization declined.
The number of wallets holding SPCX increased by 980 to 115,588. Its issued supply fell by 9,557 tokens.
Robinhood says its stock tokens give holders financial exposure to linked securities without making them shareholders of the companies behind those securities.
