Hyperinsight said CXMT rose to $7.139 on Hyperliquid as the 0x9a8 wallet's 5x isolated long increased in value to about $11.653 million with roughly $848,000 in unrealized profit.
A wallet identified by Hyperinsight as 0x9a8 added 112,000 CXMT in 222 trades over about 1.5 hours on July 28, spending about $721,000 at a weighted average price of $6.44, and later saw the position move into profit as CXMT climbed. Hyperinsight said CXMT traded at $7.139 on Hyperliquid on July 29, while Changxin rose 12.66% on its third trading day to 52.95 yuan after touching 46.26 yuan and 53.99 yuan intraday. The wallet's 5x isolated long was valued at about $11.653 million, with about $848,000 in unrealized profit. The address also kept additional buy orders totaling about $609,000 in the market, signaling continued interest in adding exposure.