New Whale Wallet Opens Short Position on CXMT After Depositing $10 Million in USDC

A newly created whale wallet deposited $10 million in USDC on Hyperliquid to short CXMT, the listed entity of Changxin Technology. According to BlockBeats On-chain Detection, the wallet has already opened a 1x short position of 514,357 CXMT and placed limit orders to add another 490,000 CXMT short position between $8 and $9. The wallet’s current position and planned additional short exposure were disclosed on July 16.