According to monitoring by Onchain Lens, a smart money wallet with an estimated size of about $15 million deposited $5 million to Hyperliquid earlier today. After the transfer, the wallet opened a short position of 634,000 CXMT, valued at about $432,000. On-chain data indicates the address is positioning for a bearish trade against CXMT. The move was first cited by ChainCatcher in a newsflash and highlights a notable directional bet from a wallet tracked as smart money. No additional trade timing, entry level, or liquidation details were disclosed in the source.
ChainCatcher reported, citing monitoring by Onchain Lens, that a smart money wallet with an estimated size of about $15 million deposited $5 million to Hyperliquid earlier today.
After the deposit, the wallet opened a short position of 634,000 CXMT, valued at about $432,000.
On-chain data shows the address is positioning for a bearish trade on CXMT.
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