MINIMAX stock price hits a new high again. Referring to CRCL's unlocking period, it could drop by 90% after unlocking. A large number of shares will be unlocked in January next year. Before the unlocking, it's a small-cap + big hype, a game for the brave. Value investors don't need to rush. The competition in large models is too intense. Even giants like OPENAI don't dare to claim victory now.