MiniMax rebounds nearly 11%, with some long positions turning losses into profits.

BlockBeats news, November 2nd, according to TradingBeats monitoring, MINIMAX contracts are currently quoted at $22.36, up about 10.9% in the past 24 hours.

Currently, 3 major holders on-chain ($100,000) collectively hold about $516,700, with a weighted average entry price of about $22.80, and are still at a combined unrealized loss of about $10,000. Among them, 2 are in unrealized profit and 1 is in unrealized loss, and some low-cost long positions have begun to turn profitable.

Among them, the address starting with 0xfd42 holds about $180,000 in long positions, with a cost of $21.18, and an unrealized profit of about $9,489; the largest long holder 0xf777 holds about $181,300 in long positions, with a cost of $21.60, and has turned from loss to profit by about $6,210.

Another long holder 0xd33c still has a cost as high as $26.06, with the remaining long position value at about $155,400. This address began reducing positions at a loss this morning, realizing a closing loss of about $6,074.

On the news front, MiniMax continued this morning to introduce progress on community quantization and local deployment adaptation for M3.1 Flash, involving lowering the memory threshold for operation and expanding hardware support.