CXMT Pre-IPO Trading Surges to $17.8M on Hyperliquid, 96% Smart Money Shorts Profit

CXMT3.06%
According to Allium data platform, trading volume on Hyperliquid surged to $17.8 million ahead of CXMT IPO launch on July 27. Volume jumped from $1 million the prior day to $14 million in the 15 minutes before launch. Price deviation at IPO remained within 3% of perpetual contract pricing. Smart money traders established short positions ahead of the IPO and locked in gains, with most continuing to hold or adding to their positions.
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DemitDemitIsATermUsedInVariousvip
· 22m ago
dump to $0.1
Reply0