Changxin Technology's OTC market capitalization has reached ¥3.8 trillion, with the contract price on trade.xyz at $8.48

BlockBeats News, July 15th, according to trade.xyz market data, the price of Changxin Memory Technologies (CXMT) contract on the platform surged rapidly after the price protection mechanism was lifted, now trading at $8.48. Calculated based on the announced total post-IPO share capital of approximately 6.688 billion shares, the corresponding market value has reached $3.8 trillion RMB.

It is worth noting that the current open interest for this contract is $6.01 million, with a trading volume of $5.13 million. Due to the existence of the price protection mechanism (triggered by a significant deviation between the underlying asset's marked price and the oracle price), the trading of this contract is partially restricted, and the overall trading volume does not fully reflect investors' trading demand.