CXMT: Whale Deposits 10M USDC to Short on Hyperliquid

Hyperliquid recorded a fresh wallet deposit of 10M USDC to open a 1x short on 514,357 CXMT worth $3.8M while placing limit orders for an additional 490,000 CXMT valued at $4.17M between $8 and $9. Traders monitoring CXMT price prediction now track this leveraged position as it adds immediate downward pressure on the token. The move arrives amid broader crypto market volatility where similar large shorts have preceded sharp repricings in altcoin pairs.