Jiang Zhuoer says arbitrage window in Changxin Technology has disappeared as 50 yuan opening bid nears HYPE parity

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.