ChainCatcher reported that on-chain analyst Ai Yi said in a post on X that a $6.824 million buy order for ChangXin Memory Technologies, or CXMT, had appeared on the Hyperliquid order book at the $6 level. Based on that price, the implied market capitalization for CXMT would be about 2.72 trillion yuan, with a total share count of 66.88 billion. Ai Yi’s calculation indicated that this would put the company above Industrial and Commercial Bank of China, which was cited at 2.66 trillion yuan and described as the current market-value leader. The post focused on the size of the order and the valuation implied by the quoted price on Hyperliquid.
ChainCatcher reported that on-chain analyst Ai Yi said in a post on X that someone had placed a $6.824 million buy order for ChangXin Memory Technologies (CXMT) on the Hyperliquid order book at the $6 price level.
Using the current price of $6, CXMT’s implied market capitalization would be about 2.72 trillion yuan, with a total of 66.88 billion shares, according to the post. That would place it above Industrial and Commercial Bank of China, which was cited at 2.66 trillion yuan as the current top company by market value.
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