The current crypto exchanges have completely turned into stock exchanges. Binance and Bitget are actively listing pre-IPO projects from the US stock market, which means you can trade them on crypto exchanges before they even go public.
I just checked on the newly listed $QNTX and asked ChatGPT about the pricing, which seemed to be around 45, but now the crypto market has doubled that valuation, pushing it up to over 90.
$BNB