Hyperliquid's largest CXMT long position generates over $3 million in unrealized profit

HuoXing Finance reports that on September 7, according to TradingBeats monitoring, the largest long position on Hyperliquid for Xinxin's xyz:CXMT, address 0x9a80, currently holds approximately 1,495,600 CXMT long contracts, with a position value of about $12.99 million, using 5x leverage, at an average entry price of approximately $6.6156, yielding an unrealized profit of about $3.0959 million. Today, Xinxin’s A-share price surged 6.70%, closing at ¥58.47. Without any new trades from this address, the intraday price movement has generated an approximate $435,000 paper gain based on its current position size. It is understood that this address began building its current CXMT long position from zero on July 15, accumulating approximately 225,200 CXMT on that day; it continued to add to the position, reaching a peak of about 1.63 million CXMT by the end of July. Although partial reductions were made during this period, the position was never fully closed, and it currently retains approximately 1,495,600 long contracts.