Frontier Traders Opens $25K SPCX Reward Claims for Its Inaugural Campaign

The Solana Foundation's Frontier Traders program opened reward claims for its inaugural SPCX campaign on July 18, the Foundation announced. Traders who accumulated spot volume in the tokenized SpaceX stock during the campaign window can connect their wallets at frontiertraders.com/campaigns/spacex, verify eligibility, and submit a claim. Claims close at 12 PM ET on August 18.

$25K Across 100 Ranked SPCX Positions

The campaign page lists a $25,000 prize pool graded by leaderboard rank. First place receives $3,000, second $2,000, and third $1,500. Ranks 4 through 10 each pay $700. From rank 11 to 25, each wallet earns $350; ranks 26 through 50 pay $180; and ranks 51 through 100 receive $77 each.

At claim open, the top-ranked wallet had recorded $16.29 million in SPCX spot volume, per the campaign leaderboard. The leaderboard tracks the top 200 wallets, with the tracked range extending down to roughly $31,000 in volume.

Only spot trades counted toward rankings; perpetuals were excluded. Trading must have taken place on a supported venue; the campaign lists Raydium RAY$0.633+0.1% Raydium, Orca ORCA$1.05-1.6% Orca, and PancakeSwap among eligible platforms. All payouts are contingent on passing KYC review before distribution.

Why SPCX Led the First Campaign

Backpack Backpack Securities issued SPCX and listed it on Sunrise Sunrise on June 12, 2026, the same day SpaceX debuted on the Nasdaq. Each token is backed one-to-one by a SpaceX share held in a regulated U.S. broker-dealer account and can be redeemed for the underlying security.

SPCX crossed 10,000 on-chain holders within a week of its debut and peaked at $108 million in a single day of spot volume, making it the most-traded SpaceX token across any blockchain, according to The Defiant. By July 19, Solana Compass data shows the holder count at 11,245 wallets. That activity and sustained adoption gave the Foundation a natural anchor for the first token-specific campaign.

The Frontier Traders program is built for institutional and professional trading firms. Standard VIP eligibility requires $500 million or more in 30-day DEX volume. The SPCX campaign extended rewards further down the participant stack by covering 100 ranked wallets, not just the firms that clear the program's baseline volume bar.

Traders with eligible activity can claim at frontiertraders.com/campaigns/spacex through August 18.