Changxin Technology CXMT Surges 6.10% as $1.86M Short Liquidated

CXMT contract on Hyperliquid spiked 6.10% at open, triggering $1.86M in short liquidations for a whale address within 34 seconds of trading.

Woofun AI reports that Changxin Technology shares opened at 52.20 yuan, climbing to 53.89 yuan, a 3.24% increase from the open. On Hyperliquid, the CXMT contract reached a high of $7.646, gaining 6.10% in the first minute before retreating to $7.2962.

Just 34 seconds after market open, a whale address starting with 0xf91 faced two consecutive forced liquidations. A total of 246,900 CXMT short positions were cleared at approximately $7.52, totaling $1.858 million and resulting in a $95,400 loss. This address had established short positions averaging $7.138 after closing a prior long position of 150,000 CXMT.