ChangXin Memory Technologies (Derivatives) (CXMT)

This mysterious whale just keeps doubling down on its $CXMT short.

Wallet 0xf292 has increased its bearish bet once again and now holds a 1.45 million #CXMT short position worth approximately $9.18 million.

The position was built at an average entry price of $6.58139, while the liquidation price sits at $15.09714, leaving the trader with plenty of room before facing liquidation.

Over the past few days, this wallet has steadily added to its short, making it one of the largest and most closely watched CXMT positions on Hyperliquid.

address: 0xf2925cb0779a741fe33037cbd88fca5382e41244

A mysterious whale (0xf292) keeps adding to a $CXMT short.

The whale now holds a 1.44M $CXMT($9.18M) short position, with another $2.55M in $CXMT limit short orders waiting to be filled.

Current liquidation price: $15.14

https://t.co/Bi4GVWpFXg https://t.co/GDex5MyPbz

This trader now holds Hyperliquid's largest CXMT position.

Address 0xf29…41244 has become the #1 $CXMT position on Hyperliquid, with a current short position worth approximately $7.88 million.

The trader is currently short 1.23 million CXMT at an average entry price of $6.615, implying a valuation of roughly RMB 44.85 per share and a ~RMB 3 trillion market cap for CXMT.

The position could grow even larger.
Add: 0xf2925cb0779a741fe33037cbd88fca5382e41244

The wallet still has a TWAP limit sell order for another 420,000 #CXMT at $6.4284, with only 34.39% filled so far. If the remaining order is fully executed, the total short position would increase to approximately $9.65 million, further extending its lead as the largest CXMT position on Hyperliquid.