Hangzhou Yushu Technology Co., doing business as Unitree Robotics, is a robotics company based in Hangzhou, China. Founded by Wang Xingxing in August 2016, Unitree initially specialized in quadruped robots and began producing humanoid robots in 2024. As Unitree prepares to make its initial public offering (IPO) in the Shanghai market, the Chinese robot maker is going to offer shares at 150.80 yuan ($22.37) a piece and is seeking to raise approximately $9 billion.
Related: Top Tesla investor says gold beats Bitcoin but he isn't selling like Saylor Ahead of the Unitree Robotics' public market debut, crypto traders on Hyperliquid have priced the robot maker four times its valuation. Hyperliquid is a decentralized crypto exchange that is built to primarily trade high-leverage perpetual futures. The exchange lets traders speculate on commodities, equities, and private-company valuations through blockchain-based markets.
Bitcoin: Billionaire sees a major shift among investors HIVE reports 74% revenue jump in fiscal Q1 2027 earnings Why is CZ burning so many tokens? The reason may surprise you While Hyperliquid traders can't be identified by name, their blockchain wallet addresses are public. This is exactly why they are called "mysterious traders" because though nobody knows their names, their trades can be tracked on-chain.
Note that pre-IPO perpetuals on Hyperliquid don't provide ownership in the underlying company, and positions cannot be converted into actual shares. Though Unitree is going to offer shares at $22.37 a piece, Hyperliquid traders are trading pre-IPO perpetual contracts on Hyperliquid for $97 at the time of writing. It translates into a valuation of approximately $40 billion.
It means Hyperliquid traders are betting on a fourfold upside ahead of Unitree's IPO. The fourfold upside means Unitree can have a blockbuster public debut in the Shanghai market. Related: Billionaire hedge fund manager makes surprising Bitcoin move This story was originally published by TheStreet on Aug 17, 2026, where it first appeared in the MARKETS section.
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