CXMT pre-market market cap reaches $540B on Hyperliquid, surpassing Tencent

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On-chain data shows that CXMT’s pre-market capitalization reached $540 billion on Hyperliquid HIP-3, surpassing Tencent. The price peaked at $8.64 before stabilizing near $8. With an estimated 66.888 billion shares outstanding, on-chain analysis indicates CXMT ranks 32nd globally. The company is scheduled to begin its STAR Market IPO on July 16.

Odaily Planet Daily reports: Trade.XYZ has launched pre-market contracts for CXMT (ChangXin Memory Technologies) on the Hyperliquid HIP-3 market today, with the price peaking at $8.64 and currently retracing to around $8. According to statistics, after its issuance, ChangXin Memory Technologies has a total share capital of approximately 66.888 billion shares. Based on the current pre-market price, its market capitalization is approximately $540 billion, surpassing Tencent ($526.5 billion) to rank as the 32nd largest company globally by market cap.

It is reported that CXMT will launch its new share subscription on the STAR Market on July 16.

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