Chanxin Technology's Perpetual Futures Opens at $7.2 on Hyperliquid Before July 16 IPO

HYPE-2.91%

According to Guru Club, on July 15, Chanxin Technology's perpetual futures contract launched on Hyperliquid at $7.2 per share, roughly 52 yuan. This values the chipmaker at approximately 3.5 trillion yuan, or about six times the 579 billion yuan IPO offering value set for July 16 subscription. The IPO pricing stands at 8.66 yuan per share.

Within 24 hours of launch, the contract recorded 1.32 million dollars in trading volume and 2.41 million dollars in open interest, marking the first time blockchain-based pre-market contracts have tracked a China Science and Technology Innovation Board IPO.

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