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A huge whale entered a short on Changxin, opened a short position of 3.8 million US dollars, and plans to continue adding more.

2026-07-16 10:39:01

Abstract generation in progress

ME News, July 16 (UTC+8). According to Lookonchain monitoring, a newly created whale address deposited $10 million USDC on the Hyperliquid platform to short CXMT (ChangXin Storage, listed entity: ChangXin Technology). The wallet has already opened a 1x short position for 514,357 CXMT (worth $3.8 million) and placed limit orders, planning to build an additional short position of 490k CXMT (worth $4.17 million) between $8 and $9. (Source: BlockBeats)

CXMT-7.16%

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