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Model price war further weighs on valuations: Why has MINIMAX fallen back to July lows?

BlockBeats news, October 8 — The MINIMAX contract on Hyperliquid is quoted at $27.77, down about 7.5% in 24 hours. Compared with the stage high of $50.37 on September 4, it has fallen about 44.9%; it has not only given back the gains from the September rebound, but also fallen below the previous stage low, returning to the low range seen in July.

The main long positions had

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