CXMT: Whale Shorts $18M at $6.4 Pre-IPO
CXMT whale holds $18M short at $6.4 average, targets close $2-4.5 on Hyperliquid; pre-market hit $7 triggering $1.4M unrealized loss ahead of CXMT IPO.
SourceAnalysis
CXMT whale opened $18 million short position at average $6.4 on Hyperliquid perpetual futures, adding to shorts since yesterday and now placing limit closes between $2 and $4.5; pre-market price spiked to $7, creating $1.4 million floating loss on the trade sized against CXMT IPO valuation history and Hyperliquid CXMT perpetual futures contract details.
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