MEXC has become the first exchange to list pre-IPO futures for Unitree, and the token pair saw a massive surge in trading volume. The daily volume for UNITREEUSDT rose 1,104% day-over-day after launch, according to the exchange.
The Volume Spike
The listing went live without much fanfare, but traders found it quickly. The 1,104% jump came on the first day of trading, a figure that stands out even in a market used to volatility. MEXC, which has built its name on zero-fee digital asset trading, didn't say how many contracts changed hands, but the volume spike suggests strong interest.
A Second Token Follows
KIMIUSDT also saw a big jump. On its second day, trading volume rose 562% day-over-day. That's a separate token, but it shows the pattern isn't limited to Unitree. The exchange now has two pre-IPO futures products drawing outsized attention.
The 0-Fee Edge
MEXC has been a pioneer in 0-fee trading, which likely helped attract traders to the new product. The exchange's model removes the cost barrier that can keep smaller traders out of pre-IPO markets. With no trading fees, even a modest position can be flipped without eating into returns.
The early numbers are in, and they're big. The exchange hasn't announced additional pre-IPO listings, but the volume figures for UNITREEUSDT and KIMIUSDT suggest traders are hungry for these products. Whether that appetite holds will depend on how the underlying companies perform in the coming weeks.
