On the first day that Unitree went public, the crypto market also started quoting it.
On August 19, Binance listed the UNITREE/USDT perpetual contract, with Unitree Technology A-shares (688836) as the underlying asset, offering up to 20x leverage.
It needs to be clarified that trading this contract is not the same as holding Unitree stock. There are no dividends and no shareholder rights—it's only for judging whether the price will rise or fall.
“There's no need to run around—Binance has everything.” And that really isn't an exaggeration.
It's hard to value humanoid robots. What people see is the robot running and doing flips. What ultimately determines long-term value, however, is mass-production cost, orders, and delivery capability.
Unitree represents China’s leading speed in robot hardware and cost control. But “the robot is very capable” and “the current stock price is reasonable” are two different questions. In the several-times gain in the first day, there’s both expectations for industry prospects and a premium driven by scarcity and sentiment.
After the A-share market closes, the crypto market will continue to quote Unitree. That price may anticipate the sentiment of the following day—or it may deviate from fundamentals under the push of high leverage and funding rates.
With longer trading hours and easier participation, it may not all be convenience—it also makes it easier for people to make bets when information is insufficient.
The crypto market gives Unitree a 24/7 price, and it also gives everyone a place to pay for their own understanding.
#宇树科技上市首日涨629% $UNITREE
On August 19, Binance listed the UNITREE/USDT perpetual contract, with Unitree Technology A-shares (688836) as the underlying asset, offering up to 20x leverage.
It needs to be clarified that trading this contract is not the same as holding Unitree stock. There are no dividends and no shareholder rights—it's only for judging whether the price will rise or fall.
“There's no need to run around—Binance has everything.” And that really isn't an exaggeration.
It's hard to value humanoid robots. What people see is the robot running and doing flips. What ultimately determines long-term value, however, is mass-production cost, orders, and delivery capability.
Unitree represents China’s leading speed in robot hardware and cost control. But “the robot is very capable” and “the current stock price is reasonable” are two different questions. In the several-times gain in the first day, there’s both expectations for industry prospects and a premium driven by scarcity and sentiment.
After the A-share market closes, the crypto market will continue to quote Unitree. That price may anticipate the sentiment of the following day—or it may deviate from fundamentals under the push of high leverage and funding rates.
With longer trading hours and easier participation, it may not all be convenience—it also makes it easier for people to make bets when information is insufficient.
The crypto market gives Unitree a 24/7 price, and it also gives everyone a place to pay for their own understanding.
#宇树科技上市首日涨629% $UNITREE