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Changxin Technology's Market Value Reaches 3.8 Trillion Yuan, Nearly 7 Times Premium Over Issue Price

AirdropBlackHole
On July 15, according to trade.xyz market information, the Changxin Technology (CXMT) contract on the platform surged rapidly after the price protection mechanism was lifted, currently reported at $8.48. Based on the announcement in the prospectus, the total share capital after issuance is approximately 6.688 billion shares, corresponding to a market value of 3.8 trillion yuan. It is important to note that the current contract open interest is $6.01 million, with a trading volume of $5.13 million. Due to the price protection mechanism (triggered when the marked price of the underlying asset deviates too much from the oracle price), trading of this contract is somewhat restricted, and the overall trading volume does not fully reflect investor demand.
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