A whale has taken a short position on Changxin, opening a $3.8 million short position and planning to further increase their position.
BlockBeats News, July 16th, according to LookIntoChain monitoring, a newly established whale address deposited $10 million USDC on the Hyperliquid platform to short CXMT (Changxin Memory Technologies, listed entity is Changxin Technology).
The wallet has already opened a 1x short position for 514,357 CXMT tokens (worth $3.8 million) and placed a limit order, planning to open another short position for 490,000 CXMT tokens (worth $4.17 million) between $8 and $9.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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