ZHIPU Token Launches on Bybit Futures with 25x Leverage – What Traders Need to Know

Bybit has just listed the ZHIPU/USDT perpetual contract, offering traders up to 25x leverage on this synthetic tokenized-stock derivative. ZHIPU represents Knowledge Atlas Technology JSC Ltd (Derivatives), a tokenized asset linked to the performance of Zhipu AI—a Chinese AI giant that recently surged over 2,000% after its Hong Kong IPO. The listing comes amid a sharp pullback: ZHIPU is down roughly 18% over the past 24 hours, trading near $134.5 at the time of the alert.

What Happened: Bybit Listing and Price Context

Bybit announced the ZHIPU perpetual contract on July 28, 2026, allowing traders to go long or short with up to 25x leverage. This follows Zhipu AI's blockbuster Hong Kong IPO in January 2026 and its subsequent plan for a $2.2 billion follow-on listing on Shanghai's STAR Market. The token's price has been volatile: after peaking near $197 on Gate.io futures, it has dropped sharply, with multiple double-digit percentage declines across 1-hour, 6-hour, and 12-hour windows on both Binance and Gate futures.

Key recent price alerts:

• Binance Futures: -18.72% over 1 day (from $174.38 to $141.74)
• Gate Futures: -24.81% over 12 hours (from $197.89 to $148.80)
• Bybit listing price: ~$134.66

This pullback may reflect profit-taking after the massive post-IPO rally, as well as broader market uncertainty around AI tokenized assets.

ZHIPU Token Snapshot

• Symbol: ZHIPU
• Full Name: Knowledge Atlas Technology JSC Ltd (Derivatives)
• Category: Tokenized Stock / Synthetic / DeFi
• Current Supply: 0 (infinite supply model)
• 24h Change: -18.09%
• Last Known Price: ~$134.55 USD
• Active Markets: 24
• Tags: DeFi, Tokenized Stock, Synthetics, Binance Ecosystem, Binance Listing, Tokenized Assets, TradFi Assets (Derivatives)

Note: ZHIPU is a derivative token, not the underlying stock. Its price may deviate from Zhipu AI's actual share price due to market dynamics and synthetic mechanisms.

Risk Considerations

• High Volatility: The token has seen rapid double-digit swings within hours. Leverage up to 25x amplifies both gains and losses.
• Synthetic Nature: ZHIPU is a tokenized derivative, not a direct equity. It may not perfectly track the underlying stock.
• Regulatory Uncertainty: Zhipu AI's planned Shanghai listing adds a layer of regulatory and cross-border complexity.
• Liquidity Risk: While 24 markets exist, trading volume was reported as $0 over the last 24 hours—confirm actual liquidity before entering positions.

Where to Trade ZHIPU

ZHIPU is currently tradable on Bybit (futures) with up to 25x leverage. For automated trading strategies, consider using our bot to manage entries and exits.

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