Unitree Crypto Futures Soar 347% from Offer Price to $100

Unitree's linked-perpetual futures contracts have traded at $100 per share on Hyperliquid, representing a significant 347% growth from its offer price of 150.8 yuan.

This surge in value implies a market capitalization of over $40 billion for the company, four times higher than its initial valuation based on its offer price of $9 billion.

Unitree's retail tranche was oversubscribed by more than 8,000 times, indicating intense investor enthusiasm. Its winning allotment rate has set a record low at 0.018%.