Woofun AI reports that Hyperliquid has introduced coverage for ChangXin Memory CXMT ahead of its anticipated July 27 IPO. A participant acquired the HIP-3 stock code for 500 HYPE tokens, valued at approximately $32,625, while a separate buy order on the order book stands at $6 per share, totaling roughly $6.824 million.

Based on this price point and a share capital of 66.88 billion, the theoretical market capitalization reaches around 2.7 trillion yuan, surpassing ICBC's current valuation of 2.66 trillion yuan. This figure derives from a perpetual contract order prior to the IPO and does not constitute an actual valuation.