Back
Address raises CXMT TWAP short target to 310,000 tokens on Hyperliquid

Address raises CXMT TWAP short target to 310,000 tokens on Hyperliquid

Wallet 0xf29…41244, also described as address starting 0xf292, expanded its CXMT short campaign while maintaining 100 layered sell orders totaling about 1 million tokens as CXMT fell on July 20.

HYPE

Fact Check
The claim is fully corroborated by its originating primary source, the @ai_9684xtpa X post, which matches every specific figure: address 0xf29…41244, $2.155M TWAP short, 300,000 CXMT, avg price $7.1825, 1.14% filled, $15M margin, and potential second-largest CXMT short on Hyperliquid. Three independent crypto news outlets (Odaily, BlockBeats, PANews) report the same details and cite the same tweet. This is an accurate report of a point-in-time on-chain analyst observation. The d.Pro portfolio now showing empty does not refute the original observation; it reflects the position's later state. Confidence is high on faithful reporting; the residual uncertainty is that the underlying on-chain interpretation rests on a single analyst account.
Summary

Wallet 0xf29…41244 on Hyperliquid increased its CXMT TWAP short target to 310,000 tokens, worth about $3.78 million if fully filled, according to Odaily citing on-chain analyst Ai. The address had already opened a 254,000 CXMT 1x short at $6.8123, though a separate July 20 snapshot from Hyperinsight described what appears to be the same trader, identified only as starting 0xf292, holding a 1x isolated short of 188,400 CXMT at a $6.8567 entry with a liquidation price near $12.4847 and about $24,400 in unrealized profit. Hyperinsight also said the trader maintained 100 non-reducing sell orders between $7.50 and $9.00 totaling about 1 million CXMT, or roughly $8.3228 million. CXMT's mark price was reported at $6.7274 on July 20, down about 6.97% day on day, with an intraday low of $6.62 and about $6.837 million in 24-hour volume.

Terms & Concepts
  • TWAP short: A short position built gradually over time using a time-weighted average price execution strategy.
  • Hyperliquid: A crypto trading platform that offers on-chain derivatives trading.
  • liquidation price: Price level at which an exchange would forcibly close a leveraged trading position if margin is no longer sufficient.