CXMT: $2.39M Short Liquidated on Hyperliquid

CXMT surged 12.7% and triggered liquidation of a $2.39M short on Hyperliquid. The trader entered the position 35 hours earlier at an average of $6.003 before the close at $6.693, booking a -$274.72K loss after depositing 240K USDC two days prior. The wallet retains 232K USDC with lifetime PnL of +$272.08K at address 0x517bb82ad25d90b9d9e0af57682931c44f7ff64c. This CXMT price prediction volatility highlights ongoing leverage risks in perpetual futures while traders monitor broader crypto market crash signals and AI industry impact on token flows.