BlockBeats News, August 7th, according to TradingBeats (formerly Hyperinsight) monitoring, a newly active address since July 23rd, after receiving about 49.9 thousand USDC in its first transaction, started trading MINIMAX within 2 minutes, and continued to accumulate until July 31st, establishing a total nominal position of about $1.85 million. Calculated with 10x leverage, its initial margin size was only $185 thousand.

The whale's first transaction price was $25.83, with a comprehensive average entry price of $26.91. MINIMAX is now trading at $43.57, representing a 61.9% increase from its comprehensive cost; considering the full rebound range from the low point of $23.78 on July 27th to the current price, the whale has captured about 84.2% of the upside potential through the comprehensive cost, covering approximately 89.6% of the rebound range with its initial purchase.

As of writing, holding 68,742.4 MINIMAX with 10x isolated margin, the position is worth about $2.995 million, with an unrealized profit of about $1.145 million, bringing the ROI to 619.2%, with a liquidation price of around $21.54.

The address has received about 679 thousand USDC from the same source in total, with approximately 99.9% of the holding value still concentrated in MINIMAX. Since initiating the position from the low point, there have been no sales of any MINIMAX holdings, and even after the unrealized profit exceeded one million dollars, no take-profit orders have been set near the current price.

MINIMAX reached a high of $44.47 today and is currently trading at $43.57, up approximately 14.4% in the past 24 hours. Previously, the market has been actively trading on the expectation of increased liquidity due to MINIMAX's inclusion in the Hong Kong Stock Connect and stock options trading.

Starting from about $185 thousand in margin, this rookie whale ultimately leveraged a $1.85 million position from the bottom and has held all the way until now, capturing about 84% of the price range in this round of rebound, turning a 61.9% target price increase into a leveraged return of 619%.

Address: 0xcd98da856b021a6efcc7d766118531ad64aec433