Trade XYZ Auctions MINIMAX Code for 500 HYPE, with perpetual contracts launching soon.

KuCoinFlash

Release Time: 05/25/2026 10:48:51

HYPE

$72.123-0.46%

Summary

Trade XYZ secured the MINIMAX code through an auction on May 25, 2026, paying 500 HYPE in USDC. This move may pave the way for the launch of MINIMAX perpetual futures. MiniMax, dubbed "China's first major AI stock," listed on the Hong Kong Stock Exchange in January 2026 and holds a leading position in general artificial intelligence (AGI). On-chain data indicates strong interest in the project, with potential derivatives activity on the horizon.

BlockBeats news, on May 25, according to Jiuyue Jiang.hl (0xMaxs) on social media, the HIP3 target MINIMAX was bid on by Trade XYZ for 500 HYPE, valued in USDC, with potential future listing of MINIMAX perpetual contracts.

MiniMax (Xi Yu Technology) is a globally leading general artificial intelligence (AGI) company focused on independently developing multimodal large models, and is known as "China's first AGI company to go public." The company was listed on the Main Board of the Hong Kong Stock Exchange on January 9, 2026, achieving上市 in just about four years since its founding—the fastest listing record for any AI company worldwide.

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