MiniMax AI Pre-IPO Tokenized Index (MINIMAX) Rises 4.05% as Open Interest Jumps

The MiniMax AI Pre-IPO Tokenized Index (MINIMAX) gained 4.05% over 24 hours to $22.84 at 7:51 a.m. ET (12:51 UTC) Nov. 11. The session range was $20.94 to $23.23, while futures activity showed rising open interest alongside heavier taker selling.

The index was above its seven-day simple moving average of $20.79, its 20-day simple moving average of $21.45 and its 12-day exponential moving average of $21.21. It remained below its 50-day simple moving average of $25.64.

On Binance Futures, open interest rose 17.24% over 24 hours to 279,032.11 contracts. The daily open-interest value was $7,313,854, and the funding rate was 0.0000%.

Taker purchases over one hour totaled 1,050, compared with 2,297 in sales. The buy-to-sell ratio was 0.4572. The increase in open interest shows that more futures contracts were open, while the taker tally recorded greater selling than buying during its one-hour window.

Account positioning leaned long at 7 a.m. ET (12:00 UTC): 72.9% of global accounts were long and 27.1% short. Top-trader accounts were 74.9% long and 25.1% short. Those account readings pointed in a different direction from the one-hour taker tally.

The latest snapshot differs from an earlier MINIMAX futures reading, when taker purchases outnumbered sales as open interest fell 1.07% over 24 hours.

The latest technical levels put the pivot at $22.34, with resistance at $23.73 and stronger resistance at $24.63. Support levels were $21.44 and $20.05. The 14-day average true range was $1.52.