Bullish

trade.xyz Acquires UNITREE Code for 565.54 HYPE, May List Perpetuals

2026-08-05 11:24

trade.xyz secured UNITREE code via HIP-3 for 565.54 HYPE, potentially launching perpetual contracts. This follows Paragon's prior acquisition and presale launch for the same asset.

Woofun AI reports that trade.xyz acquired the UNITREE code on HIP-3 for 565.54 HYPE, with plans to potentially list perpetual contracts for Unitree Technology. Previously, decentralized exchange Paragon bid 577.66 HYPE for the same code and launched an IPO presale perpetual contract.

Unitree Technology, a leading Chinese civilian robot firm, is preparing for its IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board. The offering includes 40.446434 million shares, representing 10% of the post-offering capital of 404.464340 million shares. Preliminary inquiry occurs on August 5, 2026, with offline subscription on August 10, 2026. Actual controller Wang Xing holds 68.78% of voting rights under a special arrangement.

WOOFUN AI

Impact Assessment · Quick Read

The acquisition of UNITREE code by trade.xyz signals growing DeFi interest in tokenizing traditional equity IPOs, specifically high-profile tech listings like Unitree Technology. Competition between DEXs such as trade.xyz and Paragon to secure these codes may drive up acquisition costs in HYPE. While the underlying asset is a private company pre-IPO, the launch of perpetual contracts introduces significant volatility and regulatory uncertainty for traders.
Generated by WOOFUN AI · For reference only, not investment advice

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