Loss exceeded $40,000, CXMT short on Hyperliquid liquidated in 28 minutes

According to monitoring by on-chain analyst Ai Yi, a trader experienced a forced liquidation within 28 minutes after opening a short position on CXMT (Changxin Memory Technologies) on Hyperliquid, incurring a loss of $44,000 on a position of approximately $220,000. Ai Yi reminds that the liquidity of CXMT contracts on Hyperliquid is currently relatively low, leading to more volatile price fluctuations. Data shows that a wallet with an asset scale exceeding $75 million is building a long position in CXMT.