Backpack Says Tokenized SpaceX Security (SPCX) Tops $80 Million in Weekend Trading

Backpack said its tokenized SpaceX security (SPCX) generated more than $80 million in trading over the Oct. 10-11 weekend, when U.S. stock markets were closed, showing activity in a share-linked token outside regular exchange hours. SPCX is a tokenized security on Solana that can be converted one for one with a share held through Backpack Exchange. That structure differs from perpetual futures, which provide price exposure without requiring ownership of the underlying shares. A separate token, SPCXx, had $7.97 million in rolling 24-hour volume at 1:35 a.m. ET Oct. 10 and $6.15 million at 1:35 a.m. ET Oct.