Odaily News: On-chain analyst EmberCN posted on X that as Changxin Storage breaks above 50 yuan, a whale's short position on Changxin has incurred an unrealized loss of $3 million.
Odaily reported on July 27 that ChangXin Memory Technologies (688825.SH) surged 477.37%, with its stock price breaking 50 yuan to hit a new all-time high since listing. Trading volume reached 114.4 billion yuan, with a turnover rate as high as 55%. The company's market capitalization reached 3.34 trillion yuan, firmly ranking first in the A-share market.
Odaily Planet Daily News: Changxin Technology, a leading domestic storage chip enterprise, debuted on the STAR Market (科创板) and set multiple A-share records on its first day. First, it became the first A-share tech stock to open with a market cap exceeding 3 trillion yuan, reaching approximately 3.31 trillion yuan at the open. Second, it topped the STAR Market by market cap, surpassing SMIC to become the highest-valued listed company on the board. Third, it became the first A-share stock to record a single-day trading volume exceeding 100 billion yuan, with over 100 billion yuan traded in its first hour alone, potentially setting another record by the end of the day. Fourth, it was the first A-share new stock to combine a trading volume of over 100 billion yuan with a turnover rate exceeding 50%, demonstrating unprecedented trading activity and liquidity.
According to Lookonchain monitoring, as the price of Changxin Technology rises after its listing, a certain whale is currently facing an unrealized loss of $1.7 million on a short position of 2.6 million Changxin Technology tokens (approximately $18.36 million).
This whale has also set take-profit limit orders with a price range of $2 to $4.5, with the current liquidation price at $16.91.
Odaily reports that Changxin Technology's A-share stock surged over 453% with a trading volume of 90.1 billion yuan, setting a record for the highest daily individual stock turnover in A-shares; surpassing the previous record of 90.038 billion yuan set by East Money on October 9, 2024.
Odaily reported on July 27 that CXMT (N ChangXin) began trading on the stock market. Some investors reported that shortly after the market opened, trading became sluggish — they were unable to execute trades or cancel orders. Normal trading conditions gradually resumed after a short while. A branch manager of a securities firm confirmed the lag, noting that "this is a new stock without such a large trading volume." (Jinshi)
According to market data, CXMT has recorded a trading volume exceeding 80 billion RMB in less than half an hour since trading opened today.
Odaily reported that Changxin Technology's stock price briefly fell below 40 yuan, hitting a low of 38 yuan, before quickly rebounding and now trading at 45.8 yuan.
Odaily Planet Daily News: Longxin Technology's total market value has fallen below three trillion yuan, but it remains the top by market capitalization. As of press time, Longxin Technology is reported at 42.53 yuan, while on trade.xyz it is temporarily reported at 6.32 US dollars.
According to Odaily Planet Daily, at the opening of A-shares, the Shanghai Composite Index fell 0.14%, the Shenzhen Component Index fell 0.04%, and the ChiNext Index rose 0.03%; N-Changxin surged 471.59% on its first day of listing, trading at 49.5 yuan per share. (Jin Shi)
Odaily reported that Jiang Zhuo'er stated, "There's no more fun in Changxin Technology." He noted that the bid price started at 50 yuan, while HYPE's price of $6.76 multiplied by the exchange rate of 6.73 equals approximately 45.49 yuan.
Jiang Zhuo'er indicated that currently, one can neither buy in nor engage in arbitrage.
According to monitoring by Onchain Lens, a whale has been shorting Changxin Technology (CXMT) since yesterday, with the current short position size reaching approximately $18 million, at an average opening price of around $6.4 (approximately 43 yuan).
The address has previously set limit orders to close this short position, with a price range of $2 to $4.5 (approximately 13 to 30 yuan). The pre-market price of CXMT once rose to $7, resulting in an unrealized loss of approximately $1.4 million for this whale.
