Hyperliquid Whale: Boosts CXMT Short with 10M USDC Deposit
Hyperliquid whale deposits 10M USDC and expands 2.128M CXMT short worth $13.1M with $618K unrealized profit and $792.8K lifetime PnL.
SourceAnalysis
Hyperliquid saw a whale deposit 10M USDC in two tranches of 8M and 2M to extend its CXMT short position via TWAP order, now holding 2.128M tokens valued at roughly $13.1M with $618K unrealized profit and lifetime PnL of $792.8K at address 0xf2925cb0779a741fe33037cbd88fca5382e41244. This Hyperliquid whale deposit highlights aggressive positioning in CXMT perpetuals trade amid broader crypto derivatives flows that often precede sharp moves in token pricing.
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