HuoXing Finance reports that on August 17, according to TradingBeats (formerly Hyperinsight), the XYZ:UNITREE contract on Hyperliquid is trading at $98.96. At the current exchange rate of 1 USD = 6.7487 CNY, this equates to approximately CNY 667.86, representing a 342.9% increase over Unitree Technologies’ issuance price of CNY 150.8. Based on Unitree Technologies’ post-listing total share capital of approximately 404 million shares, the current contract price implies an implicit market capitalization of about CNY 270.1 billion (USD 40 billion), or 4.43 times its issuance market cap of CNY 60.99 billion. For comparison, ChangXin Technology’s issuance price was CNY 8.66, closing its first trading day at CNY 49—a 465.8% increase—and reaching an intraday high of CNY 55.03, a 535.5% gain. UNITREE’s current implied upside remains approximately 122.9 percentage points lower than ChangXin’s first-day closing gain; if Unitree were to replicate ChangXin’s first-day closing gain, the implied price would be approximately $126.43, indicating a further potential upside of about 27.8% from the current level. Currently, UNITREE is up approximately 4.6% on the day, with a 24-hour trading volume of about USD 3.817 million and an open interest value of approximately USD 18.96 million. The hourly funding rate is around -0.000026%, near neutral, with no signs of significant leveraged long positioning congestion. Among all UNITREE addresses globally, addresses starting with 0x652f may be executing trades similar to those targeting ChangXin’s first-day gain as a profit-taking level. This address began accumulating positions at the contract’s launch and currently holds a 2x isolated long position of 2,083.81 UNITREE contracts, valued at approximately USD 203,200, with an average entry price of $67.98 and a floating profit of about 86.9%. The liquidation price is $46.16. This long position has already set two “reduce-only” take-profit orders for approximately 91.1% of its position: - Sell 833.52 contracts at $106, equivalent to approximately CNY 715.36—a 374.4% premium over the issuance price; - Sell 1,064 contracts at $140, equivalent to approximately CNY 944.81—a 526.5% premium over the issuance price. Additionally, the address starting with 0x7277 is the largest UNITREE long across the market, holding a 2x isolated position of 26,500 contracts, valued at approximately USD 2.623 million, with an average entry price of $91.08, a floating profit of about USD 209,000, a return rate of approximately 17.3%, and a liquidation price of $28.98.
UNITREE Token has surpassed 342.9% from Unitree Tech's IPO price, trading at a 4.43x valuation.
MarsBitShare
Summary
The UNITREE token price on Hyperliquid has surged 342.9% from Unitree Tech’s IPO price of 150.8 RMB, trading at $98.96 on August 17. On-chain trading signals indicate a $40 billion valuation, or 4.43x its IPO valuation of 60.99 billion RMB. The long position 0x652f, established at $67.98, is up 86.9% and has placed profit-taking orders at $106 and $140. Another major position, 0x7277, holds 26,500 units with a 17.3% return.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.