AI-linked altcoins jump ahead of SpaceX IPO

AI-linked altcoins Worldcoin, NEAR and Bittensor climbed on Monday as traders repositioned ahead of SpaceX’s Nasdaq IPO, which begins trading June 12. Underwriters priced the shares at $135 each, valuing SpaceX near $1.77 trillion and setting a potential raise of up to $75 billion.

Worldcoin gained about 12% in 24 hours and has roughly doubled over the past 30 days. NEAR Protocol climbed about 7% on the day and is up nearly 40% over the month. Bittensor rose roughly 4% as AI-focused tokens outpaced many other crypto assets.

Bitcoin steadied above $63,000 after slipping close to $60,000 earlier in the week. Bitcoin traded up about 2% on the day but remained down about 11% for the week and roughly 21% over the month.

Traders pointed to the SpaceX listing and the company’s February 2026 acquisition of xAI as reasons for increased interest in AI-themed crypto projects. Worldcoin runs an identity network focused on human verification, NEAR markets itself as a layer-1 blockchain for AI development and autonomous agents, and Bittensor operates a decentralized system for training and rewarding AI models.

Some market participants cautioned that the price moves could be temporary. Technical charts around Bitcoin’s $60,000 area have produced short recoveries that later faded, and certain momentum indicators suggested the recent bounce might not confirm a sustained trend.

Investor Arthur Hayes reduced his exposure to NEAR ahead of the IPO, taking profits on a portion of his holdings. Analyst Michael van de Poppe wrote: “Bitcoin just hit $61K. My altcoin portfolio barely moved. That’s not normal. In a typical Bitcoin drawdown, altcoins fall twice as hard. This time the opposite is happening and it might be the most important shift in this market.”

Traders and analysts noted that large public offerings, including SpaceX’s, are drawing institutional capital that in prior periods sometimes flowed into crypto. Market participants said the IPO’s opening price on June 12 and immediate order flow would likely influence short-term demand for AI-linked tokens.

Participants will watch price action and order books closely in the sessions following the IPO to see whether AI-related crypto tokens keep gains or give back recent advances.