Changxin Memory Short Position Hits $12.78M With $563K Unrealized Gain

A single address expanded its CXMT short to $12.78M notional value on Hyperliquid, adding collateral and pending limit sells for $2.66M.

Woofun AI data shows that the largest short position holder for Chia Hsin Storage (CXMT) has increased exposure by depositing 2 million USDC as collateral on Hyperliquid. The address maintains a 1x leveraged short of 2.072 million CXMT tokens, valued at approximately $12.78 million, with an average entry price of $6.4434 and an unrealized profit of roughly $563,000.

Furthermore, 435,677.8 CXMT tokens remain queued for execution via limit sell orders at $6.11, representing a total value of about $2.66 million. The trader continues to utilize TWAP strategies to place these orders.