Former Meme stock "BB" BlackBerry surged 270% in March, and a trader earned a 318% return by going long.

BlockBeats news, June 29, according to Hyperinsight monitoring, BlackBerry (BB) continues to attract capital inflows, rising 40% in the past 7 days, and has accumulated a gain of 270% since its low in early April. It is currently reported at $11.6 on Hyperliquid, up 3.4% intraday.

A trader with the address starting with 0xa5fd has been taking a 10x long position since the first day the contract was listed on trade.xyz (32 days ago), spending $58k to establish the position. Currently, the floating profit has reached $186k, with a return rate of approximately 318%, an average entry price of $8.8, and a position size of $770k.

Supplementary news: In recent years, BlackBerry has completed its transformation to a software business, with its core product QNX real-time operating system widely used in smart vehicles, autonomous driving, and robotics. The recent sharp rise in stock price is mainly driven by the market reassigning its Physical AI concept valuation, as well as the continued growth of the QNX business, better-than-expected Q1 results, and an upward revision of the full-year guidance.

BlackBerry was once the global leader in business smartphones. After the decline of its phone business, it regained popularity in 2021 during the US "retail investors vs. Wall Street" meme frenzy. There are still divergent views on this rally, with some believing its fundamental improvement is already supportive, while others see it as a resurgence of meme trading.