A whale has taken a short position on Changxin, opening a $3.8 million short position and planning to further increase their position.

BlockBeats2026/07/16 06:55

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

BlockBeats News, July 16th, according to LookIntoChain monitoring, a newly established whale address deposited $10 million USDC on the Hyperliquid platform to short CXMT (Changxin Memory Technologies, listed entity is Changxin Technology).

The wallet has already opened a 1x short position for 514,357 CXMT tokens (worth $3.8 million) and placed a limit order, planning to open another short position for 490,000 CXMT tokens (worth $4.17 million) between $8 and $9.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

A whale has taken a short position on Changxin, opening a $3.8 million short position and planning to further increase their position.

You may also like

Crypto prices