Market cap is 3.5 million; in 24 hours, turnover is 3.4 million. The turnover is so fast it’s like it’s topping the entire market cap. The price is just over a tenth of a yuan, and it’s up 49 percentage points in a day. With that kind of float, the chips are basically being passed around in the hands of a small circle. I saw a few float-to-the-max markets like this a couple of years ago too, but later most of them slowly bleed downward; the trading volume gets thinner day by day. You can jump in in a second, but when you want out you might have to search for counterparties for several days in a row.
