MiniMax rebounds nearly 11%, with some longs having turned losses into gains
BIBIBI
AT A GLANCE
MINIMAX Contracts rose approximately 24 over the past 10.9%hours to 22.36 USD，3 major holders remain at a combined unrealized loss of approximately 10000 USD。
Article
MiniMax rebounds nearly 11%, with some longs having turned losses into gains
BlockBeats reported that November 2, according to TradingBeats monitoring,MINIMAX contracts are currently quoted at 22.36 USD, up approximately 24 over the past 10.9%hours.
Currently, 3 major on-chain holders (100000 USD) collectively hold approximately 516700 USD, with a weighted average entry price of approximately 22.80 USD, and remain at a combined unrealized loss of approximately 10000 USD. Of these, 2 are in unrealized profit, while 1 are in unrealized loss; some low-cost longs have begun to turn profitable.
Among them, the address beginning with 0xfd42 holds approximately 180000 USD in long positions, at a cost of 21.18 USD, with an unrealized profit of approximately 9489 USD; the largest long, 0xf777, holds approximately 181300 USD in long positions, at a cost of 21.60 USD, having turned losses into a profit of approximately 6210 USD.
Another long, 0xd33c, still has a cost as high as 26.06 USD, with remaining long positions valued at approximately 155400 USD. This address began reducing positions at a loss this morning, realizing a closed-position loss of approximately 6074 USD.
On the news front, MiniMax continued this morning to introduce the progress of community quantization and local deployment adaptation for M3.1 Flash, including lowering runtime memory requirements and expanding hardware support.
Original link https://m.theblockbeats.info/flash/374963
Key points
01
November 2, according to TradingBeats monitoring,MINIMAX contracts are currently quoted at 22.36 USD, up approximately 24 over the past 10.9%。
02
3 major holders collectively hold approximately 516700 USD, with a weighted average entry price of approximately 22.80 USD, and remain at a combined unrealized loss of approximately 10000 USD。
03
3 Among the major holders, 2 are in unrealized profit and 1 are in unrealized loss.
04
0xfd42 The address beginning with 180000 USD holds approximately 21.18 USD in long positions, at a cost of 9489 USD。
05
0xf777 holds approximately 181300 USD in long positions, at a cost of 21.60 USD, having turned losses into a profit of approximately 6210 USD。
06
0xd33c The cost is 26.06 USD, with remaining long positions valued at approximately 155400 USD, and positions have been reduced at a loss, realizing a closed-position loss of approximately 6074 USD。
07
MiniMax introduced the progress of community quantization and local deployment adaptation for M3.1 Flash, including lowering runtime memory requirements and expanding hardware support.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Following the price rebound, long accounts with lower entry costs have recorded unrealized gains, but the major holders remain at an overall unrealized loss. Another long with a higher entry cost has reduced its position and incurred a realized loss.
Why it matters to readers
This data reflects MINIMAX's short-term price rebound and changes in the profit-and-loss status of major holders with different entry costs, but the overall market trend cannot be determined solely from 3 addresses.
“Unrealized profit” refers to book gains on positions that have not yet been closed, while “unrealized loss” refers to book losses on positions that have not yet been closed; gains or losses become realized only after a position is closed.
Risks and unknowns
The on-chain position and profit-and-loss data are based on the report's account of TradingBeats monitoring results; the original article did not provide independent verification materials.
The report covers only 3 major holders, and cannot confirm whether they represent overall market participants.
The original article did not establish that M3.1 Flash's adaptation progress and MINIMAX's price increase have a causal relationship.
The original text does not state whether the rebound can be sustained.
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