Summary of Views on Changxin Technology: There is a potential for a price surge on its listing day, and a market capitalization of RMB 3-4 trillion has become the consensus.

For today’s listing of Changxin Technology, crypto KOLs have shared divergent predictions. Jiang Zhuoer, founder of the B.TOP mining pool, holds a relatively pessimistic view. He believes Changxin Technology will likely open higher, surge and then pull back, hitting its all-time high on the first trading day. The perfect playbook, he says, would be: buy on the A-share opening, sell during the midday hype-driven surge, then sell on A-shares the next day while closing out the hype position. If you don’t have a hype position, trapped by the T+1 trading rule, you might end up holding it for life just like PetroChina. Mango Labs founder @dov_wo is far more bullish: “I’ve gone long on Changxin Technology. In my view, Changxin offers a rare 1:5 risk-reward opportunity—downside of 20%, upside of 100%, a 1-to-5 payout ratio.” @dov_wo lists his bullish reasons as: low tradable share ratio, regulatory factors, and institutional optimism for its investment opportunity at a market cap below 3 trillion yuan. His suggested strategy: “If it opens higher tomorrow, close positions directly to take profits; if it opens lower then rallies, wait patiently—wrap up the trade within 3 days.” Institutional analysts are also deeply divided: Nomura Securities gives Changxin Technology a target price of 116 yuan, corresponding to a market cap of 7.76 trillion yuan. China’s Northeast Securities values Changxin Technology in a range of 3.2 trillion to 5.7 trillion yuan.