Changxin Technology closed up 12.66% at 52.95 yuan on July 29, its third trading day after listing, BlockBeats reported. The stock gained 5.95 yuan from the previous close of 47 yuan.
It fell as low as 46.26 yuan during the session and later climbed to 53.99 yuan, a maximum rebound of 16.71% from the intraday low. Changxin Technology closed at 49 yuan on its first trading day, leaving the current price about 8.1% above that level.
According to Hyperinsight, CXMT was quoted at $7.139 on Hyperliquid as of publication.
Whale beginning with 0x9a8 still holds a 5x isolated long
A whale wallet starting with 0x9a8, which had been tracked earlier, is currently holding a 5x isolated long position in CXMT with a position value of about $11.653 million. The average entry price stands at $6.615, with unrealized profit of about $848,000, a return of roughly 39.3%, and a liquidation price near $0.756.
The address started going long at 9:46 on July 15, the first day the CXMT contract was listed. Its initial purchase was about $1.608 million. Since then, it has only increased the position and has shown no sell records.
Position kept growing after the listing
On July 27, the day Changxin Technology listed, the address added about $2.353 million, the biggest single-day increase since the position was opened. It added another $993,000 on July 28, then increased the position again by about $130,000 before the A-share market opened on July 29.
At present, the whale still has seven CXMT buy orders placed between $6.01 and $6.41, with a total order value of about $609,000. No sell orders were shown. Even after Changxin Technology posted a sharp gain on its third trading day, the address kept its plan to absorb at lower levels.
An earlier update had said the largest CXMT long added on dips, bringing the scale to $10.4 million.