Hyperinsight data shows that after CXMT began trading, the largest sell-side order flow on Hyperliquid came from an address starting with 0xdb0. The wallet has placed 98 CXMT sell orders across a price band from $7.32 to $23, totaling 1.425 million units with a notional value of about $24.982 million. The same address already holds a 2,462.5-unit short position, meaning its short exposure would increase if those sell orders are gradually filled. Separately, another whale address beginning with 0xf29 is sitting on a sizable unrealized loss. That wallet opened a 1x leveraged short on 2.6 million CXMT, with a position value of roughly $18.304 million and an average entry price of $6.4083. Its unrealized loss stands at about $1.642 million, while the liquidation price is $16.9078. The trader has also set up an exit plan in advance, placing 300 buy orders between $2 and $4.5 to repurchase the full 2.6 million CXMT short, with total notional value near $8.35 million.
According to BlockBeats, citing Hyperinsight monitoring on July 27, the largest sell orders on Hyperliquid after CXMT listed came from an address starting with 0xdb0.
The wallet has placed 98 CXMT sell orders covering prices from $7.32 to $23. In total, the orders amount to 1.425 million units, with notional value of about $24.982 million. Data also shows that the address already holds a 2,462.5-unit CXMT short position. If those sell orders are filled over time, its short exposure would increase further.
At the same time, another whale address beginning with 0xf29 is carrying a sizable unrealized loss. The address opened a 1x leveraged short on 2.6 million CXMT, with the position valued at about $18.304 million. Its average entry price is $6.4083, its unrealized loss is about $1.642 million, and its liquidation price stands at $16.9078.
That trader has also prepared an exit plan for a pullback. It currently has 300 take-profit buy orders placed between $2 and $4.5, with the intention of buying back the full 2.6 million CXMT short. The notional value of those orders is about $8.35 million. If CXMT retreats later, that range may serve as the area where the position is closed in batches.
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