Jiang Zhuoer said Changxin Technology is "no longer worth playing" after its opening auction price came in at 50 yuan, a level he compared with HYPE’s implied price in yuan. In his calculation, HYPE at $6.76 multiplied by an exchange rate of 6.73 equals about 45.49 yuan. Based on that gap, Jiang said the setup currently offers neither a buying opportunity nor room for arbitrage. The remarks were published in a post cited by Odaily. No additional details on trading mechanics or timing beyond the opening auction reference were provided in the source.
Odaily reported that Jiang Zhuoer said Changxin Technology was "no longer worth playing."
He wrote that the opening auction price started at 50 yuan, while HYPE at $6.76 multiplied by an exchange rate of 6.73 works out to about 45.49 yuan. Jiang said that, at present, it is neither possible to buy in nor possible to carry out arbitrage.
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