CBRS (CBRS)

back then airdrop farmers + private round buyers had allocations but zero liquidity. Telegram OTC was pure trust me bro. pre-TGE markets became a real crypto primitive. pre-IPO might become the TradFi version of that but way bigger. TradFi private markets already massive: > $240B secondary volume in 2025 > ~$18T private market AUM projected by 2027 > 71% of VC exits now happening through secondaries instead of IPOs everyone wants OpenAI, SpaceX, Anthropic, Stripe exposure before Wall Street gets the clean entry and dumps the public listing into them. but access still completely broken. > 15-45 day settlement > accredited investor gates > $15k-$50k minimum tickets now crypto wrapping all that demand into products ppl can actually ape from a phone and somehow it’s working better than expected. @tradexyz priced $CBRS within ~3% of its Nasdaq debut while traditional secondary platforms were reportedly ~35% off. kinda insane when global crypto traders discovered price better than accredited-only private markets. the wall around private markets already starting crack open and hard to close it again once ppl taste permissionless access.

Wall Street used to consider the crypto market an outsider. But last week, a classmate who works on Wall Street sent me Bitget's futures chart, saying it appeared in an internal company meeting. Because $CBRS's IPO hasn't opened on Nasdaq yet, we managed to predict the exact opening price. From outsider to being copied. This reversal is worth a thorough discussion 👇

Traditional gray markets will be obsolete by the end of 2026. On-chain pre-IPO perps are replacing them. TradFi priced the $CBRS IPO at $185. TradeXYZ did $280M in volume to price it at $380 hours before Nasdaq woke up to open at $350. Price discovery already moved.

Isn't it great that $CBRS IPO'd when the markets were at all-time highs yesterday, only to get sucked into the hype, pump people in, and then crash 100 points in 2 days?

loracle.hl (@loraclexyz)'s $CBRS short has turned profitable. He was down $1.3M yesterday, but now he is up $584K. https://t.co/YBOfvKkoI9 https://t.co/CJhl3tbswS

Wu says he learned that, according to ASXN data, the Hyperliquid Pre-IPO asset CBRS had a trading volume of over $280 million in the past 24 hours, making it the 9th highest volume asset on the platform. Currently, CBRS’s open interest on Hyperliquid exceeds $57.7 million, with a funding rate of -135%. https://t.co/jWWm01j1rY

So regarding the level, just look at it, but investing still requires learning logic, trust yourself.

Last night I saw a bunch of people shouting $cbrs and this morning I saw that most were FOMO at the highest point.

Trader Evaded(@ICanPlug) opened a 1x long on 14,829 $CBRS($4.88M) near the top and is already down $502K. https://t.co/mt1sZfN7IC https://t.co/IynIajB3kZ