A whale deposited $10 million USDC into Hyperliquid, heavily shorting CXMT
According to on-chain analysis platform Lookonchain (@lookonchain), a newly created wallet address deposited 10 million USDC into Hyperliquid and subsequently established a short position on CXMT. The specific positions are as follows:
• Opened positions: 1x short 514,357 CXMT, valued at approximately $3.8 million
• Pending orders to add position: Limit short orders for 490,000 CXMT (approximately $4.17 million), with trigger price range set between $8 and $9
