Yushu Technology is expected to receive a 4.3x valuation uplift on-chain, and a certain bull has planned to take profit based on the first-day surge of Changxin.

BlockBeats News, August 17, according to TradingBeats (formerly Hyperinsight) monitoring, the xyz:UNITREE on Hyperliquid is currently trading at $98.96. Converted at the current exchange rate of 1 USD to 6.7487 RMB, this is approximately 667.86 RMB, which is 342.9% higher than Unitree Technology's issuance price of 150.8 RMB.

Based on the post-listing approximately 4.04 billion total outstanding shares of Unitree Technology, the current futures price corresponds to a market cap of approximately 270.1 billion RMB or $40 billion USD, which is 4.43 times the issuance market cap of approximately 60.99 billion RMB.

For comparison, Changxin Technology had an issuance price of 8.66 RMB, closed at 49 RMB on the first day of trading, a 465.8% increase from the issuance price, and reached an intraday high of 55.03 RMB, a 535.5% increase. UNITREE's current implied increase is approximately 122.9 percentage points lower than Changxin Technology's first-day closing increase. If Unitree replicates Changxin's first-day closing increase, the corresponding price would be around $126.43, still about 27.8% below the current price.

Currently, UNITREE is up approximately 4.6% intraday, with a 24-hour trading volume of about $3.817 million, open interest value of about $18.96 million; the hourly funding rate is about -0.000026%, close to neutral, with no obvious signs of leveraged long crowding.

In the entire UNITREE market, addresses starting with 0x652f are executing similar trades using Changxin's first-day increase as a take-profit point. They began building positions early in the contract's listing, currently holding 2083.81 UNITREE with 2x leverage, with a position value of approximately $203,200; average entry price is $67.98, with an unrealized profit of about 86.9%; liquidation price is $46.16.

This long position has set two "reduce-only" take-profit orders for about 91.1% of the position:

- Selling 833.52 units at $106, equivalent to about 715.36 RMB, a 374.4% increase from the issuance price;

- Selling 1064 units at $140, equivalent to about 944.81 RMB, a 526.5% increase from the issuance price.

In addition, the address starting with 0x7277 is the largest long position in the entire UNITREE market, holding 26,500 units with 2x leverage, with a position value of approximately $2.623 million, an average entry price of $91.08, an unrealized profit of about $209,000, a return of approximately 17.3%, and a liquidation price of $28.98.