CXMT: Whale Opens 5x Long on Hyperliquid at $6

CXMT drew fresh whale attention on Hyperliquid after a $75.4M address opened a 5x long on 20,000 tokens for $164K at $6 and already booked $44K in unrealized gains. The same wallet placed additional limit orders between $5.8 and $7.2 to scale the position higher. CXMT token fundamentals trace back to ChangXin Technology Group, the DRAM manufacturer founded in 2016 that supplies chips for phones, PCs and servers ahead of its 2026 IPO filing.