Unitree IPO pops 629%, tops Hyperliquid's $38B implied valuation
Second synthetic-equity stress test of the summer, after SpaceX landed on the nose in June. A $29M Hyperliquid perp called direction right and still missed magnitude.
Every Zipp story tagged #Unitree, newest first.
Second synthetic-equity stress test of the summer, after SpaceX landed on the nose in June. A $29M Hyperliquid perp called direction right and still missed magnitude.
Hyperliquid's pre-IPO perp market lets speculators price Unitree at ~$38B before its Shanghai debut, framing the convergence as the real test: a 2x open at $45 would still liquidate roughly a third…
Hyperliquid's Pre-IPO market gets an early demand test, while the 5x structure makes the $264K trade a directional signal rather than proof of broad participation.
Unitree's listing is China's biggest robotics debut to date and a signal that Shanghai is still open to AI-hardware listings despite tighter capital-markets scrutiny on the sector.