93 USD vs 22.37 USD! Yushu landed on the Science and Technology Innovation Board today, and Hyperliquid has already been "hyped" four times ahead of schedule

On August 19th, Chinese robotics company Unitree officially listed on the Shanghai Stock Exchange's Science and Technology Innovation Board, with an issue price of 22.37 yuan per share and a corresponding market value of approximately 9 billion yuan. Prior to this, the decentralized trading platform Hyperliquid had already launched pre IPO perpetual contracts related to Yushu, with market prices soaring to about $93, about four times higher than the IPO price. Chain traders were betting on the market performance of this robotics company in advance. In terms of direct impact, after Yushu's official listing, the traditional stock market will provide a real price discovery mechanism, and Pre IPO contracts on Hyperliquid will also undergo more direct price verification. If the secondary market price deviates significantly from the previous on chain price, the relevant contract may face severe fluctuations. What is more noteworthy is that this is not just a story of Yushu's company raising prices. Traditional assets have not yet been officially listed, and their price expectations can already be traded on the chain in advance, which means that platforms such as Hyperliquid are bringing Pre IPO assets into the 24-hour global trading market. If the model is further expanded, similar on chain derivatives may appear in the future for US stocks, Hong Kong stocks, and even other unlisted assets. However, $93 does not equal the true valuation of Yushu, as Pre IPO perpetual contract liquidity, leverage, and speculative demand may amplify price deviations. The actual stock price of Yushu after its listing is the key to testing whether this "on chain rush" is foresight or excessive speculation. If you want to track the real-time flow of Hyperliquid funds, changes in trading volume, and market hotspots, you can register OKX through the AiCoin cooperation portal: 👉 https://jump.do/zh-Hans/xlink?checkProxy=true&proxyId=2 Risk Warning: The views, conclusions, and recommendations presented in this article are for reference only and do not constitute investment advice. The market is risky, and investment needs to be cautious.