Hyperliquid: CXMT Short Liquidation Wipes $44K
Hyperliquid CXMT shorts lost $44K in 28 minutes after a $75M whale accumulated longs, exposing thin liquidity on new stock perpetuals.
SourceAnalysis
Hyperliquid shorts on CXMT suffered a 28-minute wipeout, turning a $220K position into a $44K loss as the price spiked from $6 to $7.2 while a single address holding over $75M built fresh longs and triggered immediate liquidations.
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