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Moderna On-chain trading volume surpassed, while open interest surged nearly 3 times before quickly falling back

BlockBeats reported that October 23,Moderna(MRNA) Early release of clinical data for a cancer vaccine triggered sharp stock-price volatility, while trading in the perpetual contract on Hyperliquid also surged.MRNA According to TradingBeats monitoring, as of today Beijing time 00: 30 the data release around MRNA contract subsequently 3 hours recorded cumulative trading of approximately 362000 contracts, 3 hours earlier, representing 9.1 times that level. The rolling 24-hour trading-volume peak briefly exceeded 104000000 USD; as of press time, 24-hour trading volume was approximately 94700000 USD, and the contract was quoted at 203.33 USD Before the information was released,MRNA notional open interest was approximately 6840000 USD, then around 2 it briefly climbed to 20310000 USD, an increase of approximately 197%; the number of open contracts simultaneously rose from 30500 contracts to 108800 contracts.

This expansion in positions did not persist. As of press time,MRNA notional OI had fallen back to approximately 6270000 USD, and the number of open contracts had declined to 30900 contracts, nearly returning to the level before the information was released.

In whale trading, one account established 6310.91 contracts of MRNA short positions during the decline, currently worth approximately 1283000 USD, making it the largest identified short position to date. Its average entry price was 188.304 USD; however, as the contract price rebounded from its low, the position is currently showing an unrealized loss of approximately 95000 USD.

Original link https://m.theblockbeats.info/flash/373318