TechFlow reports, on July 15, according to monitoring by on-chain analyst Ai Yi (@ai_9684xtpa), Hyperliquid recently listed the ChangXin Memory Technologies ($CXMT) trading instrument, providing a new trading channel for investors restricted by the 500,000 yuan threshold of the A-share STAR Market. However, the instrument currently has extremely poor liquidity; short sellers have already been rapidly liquidated within 28 minutes, with a $220,000 position incurring a $44,000 loss. Notably, on-chain monitoring shows an address with assets exceeding $75 million is building long positions. Once this address actively pumps the price, short sellers will face the risk of forced liquidation; some addresses have already been liquidated during the price surge from $6 to $7.2. Ai Yi warns that investors intending to hedge, naked short, or swing trade on Hyperliquid need to pay close attention to the above risks.
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