HyperInsight said the biggest post-listing seller was address 0xdb0, while another whale, 0xf29, built a 2.6 million CXMT short with buy orders layered below the market.
After CXMT's listing, HyperInsight said the largest sell orders on Hyperliquid came from address 0xdb0, which posted 98 sell orders for 1.425 million CXMT across $7.32 to $23, with notional value of about $24.982 million. The update also identified another whale, 0xf29, as short 2.6 million CXMT at 1x leverage with an entry price of $6.4083, an unrealized loss of about $1.642 million and a liquidation price of $16.9078. HyperInsight said 0xf29 also placed 300 buy orders from $2 to $4.5 to close the position, highlighting sizeable bearish positioning alongside bids set well below the market.