Hyperliquid Is Valuing This Chip Company at 6x Its IPO Price

Hyperliquid traders are valuing CXMT at $535 billion, 6x its actual IPO valuation For the next 12 days nobody on Wall Street can buy a single share of the biggest chip IPO of the year, but crypto traders are already trading it. CXMT raised $8.5 billion at an $85.5 billion valuation, and it's trading on Hyperliquid at $535 billion, roughly a 526% premium. The contract is synthetic, no shares, no ownership, just a pure bet on where it opens. This is crypto doing price discovery Wall Street structurally can't. #Hyperliquid #CXMT #Crypto #IPO #Perps