BlackBerry shares have continued to attract buying interest, rising 40% over the past seven days and gaining 270% from an early April low. According to BlockBeats On-chain Detection, Hyperinsight monitoring showed the stock was quoted at $11.6 on Hyperliquid, up 3.4% on the day.
A trader with an address beginning 0xa5fd took a 10x long position on the contract from the first day it was listed on trade.xyz, a period now totaling 32 days. The trader spent $58,000 to build the position and has an unrealized profit of $186,000, representing a return of about 318%. The average entry price was $8.8, and the position size reached $770,000.
In recent years, BlackBerry has completed a shift toward software, with its core QNX real-time operating system widely used in smart vehicles, autonomous driving, and robotics. The recent surge in the share price has been attributed to the market assigning it a “Physical AI” valuation narrative, continued growth in the QNX business, better-than-expected latest first-quarter results, and an upward revision to full-year guidance.
BlackBerry was once a leading global business smartphone brand. After its handset business declined, it regained attention during the 2021 U.S. meme-stock rally. Market views on the current rise remain divided, with some arguing that improved fundamentals support the move, while others see it as a renewed meme-driven rally.
BlackBerry Shares Rise 40% in Seven Days as Traders Increase Bullish Bets
2026-06-29 06:03:42
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