Influential analyst Ali Martinez spotlighted on Saturday the strong demand for Space Exploration Technologies Corp. (NASDAQ:SPCX) among cryptocurrency investors.

‘Demand Was Always There’

In an X post, Martinez said that the “appetite” for the newly listed space giant is “bigger” than what they expected.

The analyst cited CoinMarketCap data showing billions traded in SpaceX-linked cryptocurrency products across the market since the stock’s debut on Wall Street.

In the past 24 hours, approximately $11.9 billion in SpaceX derivatives were traded on cryptocurrency exchanges, of which Binance (CRYPTO: BNB) accounted for 26%.

“For years, retail investors had almost no way to get…

Read more on Benzinga