ME News reports that on July 30 (UTC+8), ChangXin Technology opened at CNY 52.20, then quickly rose to CNY 53.89, a 3.24% increase from the opening price. During the same period, the CXMT contract on Hyperliquid surged to a high of $7.646, posting a maximum intraday gain of 6.10% within the first minute of trading; as of publication, CXMT had retraced to $7.2962. According to Hyperinsight monitoring, just 34 seconds after opening, a whale wallet starting with 0xf91 experienced two consecutive liquidations, resulting in the full liquidation of 246,900 CXMT short positions at an average liquidation price of approximately $7.52, totaling a liquidation value of about $1.858 million and incurring a loss of approximately $95,400. This whale initiated a 10-hour TWAP sell order the previous evening, aiming to short 250,000 CXMT contracts. By around 9:00 AM today, the short position was largely established at an average cost of approximately $7.138. The same address had taken a long position of 150,000 CXMT the day before. After closing the long position, it switched to a short position following the third trading day’s sharp rally in ChangXin Technology’s stock price—going from shorting to liquidation within a single night. (Source: BlockBeats)
ChangXin Tech Surges, Short Whale Liquidated Within 34 Seconds
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Summary
Whale trading activity intensified on July 30 (UTC+8) as ChangXin Tech opened at CNY 52.20 and surged to CNY 53.89, a 3.24% increase. On Hyperliquid, the CXMT contract reached $7.646 within one minute. On-chain trading signals revealed a whale address starting with 0xf91 experienced two liquidations within 34 seconds, covering 246,900 CXMT short positions. The average liquidation price was $7.52, resulting in a total loss of $95,400. The whale had initiated a TWAP sell order for 250,000 CXMT approximately 10 hours earlier, largely closing out the short position at an average cost of $7.138. The address had previously taken a long position of 150,000 CXMT and switched to short after the stock rallied on its third trading day, leading to liquidation within 24 hours.
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