Three Major Tech Giants' IPOs May Drain $240 Billion, Crypto Market Liquidity Faces Test

BroadChain learned that at 15:00 on April 25, according to CoinDesk on April 25, SpaceX is expected to go public in June, and its IPO size may surpass the $29 billion record set by Saudi Aramco in 2019, becoming the largest IPO in history. Meanwhile, OpenAI and Anthropic also plan to enter the public market in the second half of this year.

The total financing amount for the three companies is expected to exceed $240 billion. Market analysis points out that this could become a key turning point for liquidity in the crypto market. As mainstream crypto assets such as Bitcoin and Ethereum have been highly correlated with the risk sentiment of the Nasdaq and US stocks in recent years, the reallocation of large-scale funds to tech giant IPOs may weaken the buying support for BTC, ETH, and altcoins.