Hyperliquid CXMT Long Holder Sees Unrealized Gains Rise as Stock Rallies

On September 7, TradingBeats monitoring showed that Hyperliquid’s largest long address for CXMT, 0x9a80, was holding about 1.4956 million CXMT long positions, with a position value of about $12.99 million. According to BlockBeats On-chain Detection, the position was opened with 5x leverage at an average entry price of about $6.6156, and the unrealized profit stood at about $3.0959 million. CXMT rose 6.70% in the A-share market today and closed at 58.47 yuan. Without any additional trades from the address, the day’s rally generated about $435,000 in paper gains based on the current position size. The address reportedly began building the CXMT long position from zero on July 15 and accumulated about 225,200 CXMT that day. It continued adding to the position and at one point held about 1.63 million CXMT by the end of July. Although it reduced the position in several batches, it did not fully close out and still held about 1.4956 million long positions.