Changxin Technology's Stock Surges 12.7% on the Third Day of Listing, Strongest Early Bull Still Holds Buy Position

July 29th. On the third trading day after its IPO, Changxin Technology closed up 12.66% at $52.95, up $5.95 from the previous day's closing price of $47. The lowest intraday stock price dipped to $46.26, and the highest rose to $53.99, marking a maximum rebound of 16.71% from the intraday low. Changxin Technology closed at $49 on its first day of trading, with the current stock price up approximately 8.1% from the IPO closing price.

According to Hyperinsight monitoring, as of the time of writing, CXMT is trading at $7.139 on Hyperliquid. A whale address starting with 0x9a8 currently holds a 5x leveraged long position on CXMT, with a position value of approximately $11.653 million, an entry price of $6.615, an unrealized profit of about $0.848 million, a return rate of about 39.3%, and a liquidation price of about $0.756.

This whale started longing on July 15 at 9:46 UTC, the first day of CXMT contract trading. It initially bought around $1.608 million on the first day and has since consistently increased its position without any sell records, including:

On July 27, the day of Changxin Technology's listing, it increased its position by about $2.353 million, marking the largest single-day increase since the position was opened; on July 28, it further increased its position by about $0.993 million; and before the A-share market opened today, it added about $0.130 million.

Currently, the whale still has 7 buy orders for CXMT ranging from $6.01 to $6.41, with a total order amount of approximately $0.609 million and no sell orders. Following the significant surge on the third day of Changxin Technology's listing, this address continues to hold its low-entry plan.