某 smart money address has opened a short position on Hyperliquid to short Changxin Memory, with the position currently valued at $432,000

Odaily reported that, according to Onchain Lens monitoring, a smart money address has opened a short position on Hyperliquid to short Changxin Memory (CXMT). The address deposited $5 million into Hyperliquid today and subsequently opened a short position of approximately 63,400 CXMT, valued at around $432,000.