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A Pre-IPO Perp Nobody Has Traded Still Publishes a Price. That Price Has Not Moved in Seven Days.
Three perpetual futures on three builder exchanges inside Hyperliquid all reference one private company. One trades. One is newly listed and empty. One has returned the same mark and the same previous-day price on four visits across seven days. A calibration report on what those feeds actually measure, and on the 28.99 percent gap that widened at every visit.- 10
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