Loss Exceeds $40,000: CXMT Short Position Liquidated on Hyperliquid in 28 Minutes

according to on-chain analyst Ai Yi's monitoring, a trader who went short on ChangXin Memory Technologies (CXMT) on Hyperliquid saw their position liquidated within 28 minutes, resulting in a loss of $44,000 from a position of approximately $220,000. Ai Yi noted that the liquidity of the CXMT contract on Hyperliquid is currently relatively low, leading to more volatile price movements. Data shows that a wallet with total assets exceeding $75 million is building a long position in CXMT.