As SpaceX in the United States drew attention by going public, domestic virtual asset exchanges Upbit and Bithumb consecutively listed SPX6900 (SPX) and Space Coin (SPACE), whose English abbreviations are similar. These virtual assets are coins unrelated to SpaceX, raising concerns about investment losses due to user confusion.

On the 16th, Upbit began transaction support for SPX from 2 p.m. At the same time, Bithumb listed SPACE, and transactions for SPX are scheduled to begin at 5 p.m. that day. The two virtual assets are similar to SpaceX's ticker (an alphabetic code representing a stock), "SPCX."

A view of the cryptocurrency asset exchange Upbit operated by Dunamu (left) and the interior of the Bithumb customer center./Courtesy of each company.

The two virtual assets are meme coins (Meme Coin, virtual assets inspired by internet memes or trends) unrelated to SpaceX. SPX's white paper introduced it as a meme coin project with a vision to surpass the limitations of the traditional U.S. S&P 500 index, putting forward the logic that "6900 is greater than 500."

SPACE is a "decentralized physical infrastructure networks (DePIN)" project that uses a constellation of low-Earth-orbit small satellites to build a distributed satellite internet network worldwide. It aims to create a "permissionless space data network" that does not rely on existing telecom companies or governments.

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