One of the four major domestic GPU players, Moore Threads, faced a -20% limit-down today right after a batch of shares was unlocked The unlocked shares are institutional allocations from the IPO, with an issue price of 114. Even now, there's still nearly a 4x floating profit. Before the unlocking, the circulating shares accounted for 6%, and after unlocking, it's now 12% These institutions will probably keep running, because by the end of the year, the major shareholders' shares will also be unlocked, and by then, the circulating shares will increase more than fourfold. A-shares are truly the OG of shitcoins—those diving moves feel all too familiar