Hong Kong-listed AI companies MiniMax and Zhipu continued to fall on Oct. 22, while their largest Hyperliquid long positions were showing large floating losses, BlockBeats reported.
Shares remained below prior highs
MiniMax traded below its HK$165 IPO price during the session, and both MiniMax and Zhipu were reported to be more than 80% below their historical highs. The share-market figures were presented as Hong Kong trading data in the report.
Hyperliquid longs under pressure
TradingBeats monitoring cited by BlockBeats put the largest ZHIPU perpetual long at about $1.71 million in position value, with an estimated floating loss of $1.37 million and a liquidation price of $34.55. The largest MINIMAX long was valued at about $331,200 and showed a floating loss of roughly $163,600, with a liquidation price of $16.95.
A previously largest ZHIPU long had reportedly closed at a loss of about $2.71 million. The cited data describe floating losses and liquidation thresholds, not completed liquidations of the current positions.