SpaceX-linked product 467.1 billion won... 11.6 billion won more than Circle

Tokenized equity products linked to SpaceX ($SPCX) overtook Circle ($CRCL)-linked products in circulating market capitalization on the 12th, reaching $349.35 million versus $340.71 million, a gap of $8.64 million, or roughly 2.5% of Circle's total, according to CoinGecko data analyzed by Crypto Briefing across a fixed sample of 341 equities. Since the comparison baseline, SpaceX-linked products grew 4.2% while Circle-linked products rose 0.9%. The flip was first observed at 11:35 p.m. KST and persisted in a reading 15 minutes later. The shift matters as a signal of where on-chain demand is rotating among tokenized private-company exposure. Next, watch whether SpaceX-linked products hold the lead and whether the growth-rate divergence widens in subsequent observations.