TradingBeats monitoring cited by BlockBeats showed an on-chain account build roughly $3.85 million in long contracts tied to ZHIPU and MiniMax as both Hong Kong-listed AI names gave back part of their early gains. The figures describe contracts and open interest, not spot-share ownership.
Two concentrated long positions
The account held 40,000 ZHIPU long contracts worth about $2.8305 million at an average of $70.76, and 45,000 MiniMax longs worth about $1.0221 million at an average of $22.71. The positions represented about 20.6% of ZHIPU open interest and 26.4% of MiniMax open interest. Both used 1x isolated margin.
Gains narrowed, then turned negative
Zhipu’s early gain narrowed to about 8.9% and MiniMax moved to a reported 1.1% decline. The combined long value was about $3.7983 million with floating loss around $54,300 at the cited snapshot. These are TradingBeats monitoring figures and do not confirm the account owner or predict the stocks’ next move.