Woofun AI data shows that CXMT on Hyperliquid trades at $6.4658, representing a 407% premium over Changxin Technology’s RMB 8.66 issue price. The contract, launched on July 15, has seen prices retrace 25.2% from a peak of $8.64, though it remains 7.8% above the opening level. Total open interest stands at approximately $51.0 million, with 24-hour volume reaching $11.566 million.

On-chain activity reveals significant position adjustments ahead of the July 27 STAR Market listing. Address 0xf29 holds the largest short position of $8.53 million with 1x leverage.

Meanwhile, address 0x8e09, labeled "Hambazaur", reduced its long holdings by 30,000 units. This address maintains a $1.19 million long position with an effective leverage of 1.1x, despite being marked as 5x.