Unrealized Loss of $1.5 Million: ChangXin Memory Technologies' Top 1 Short Seller "Expects a Halving After Listing"

Odaily Planet Daily News: According to Hyperinsight monitoring, the "Expects a Halving After Listing" whale is currently shorting 2.6 million shares of ChangXin Memory Technologies, with a position value of approximately $17.914 million and an average entry price of $6.40. Its unrealized loss is about $1.252 million, and together with accumulated funding fees of $281,000, the total book loss is approximately $1.533 million.

The whale is using 1x leverage, with a current return rate of -7.52% and a liquidation price of $17.75. It continues to maintain a low-leverage, long-term short position, resembling a so-called "wealth management" status.

This morning, before the official opening of ChangXin Memory Technologies' A-shares, the whale intensively created 300 "Reduce Only" buy orders, planning to take profits in batches within the $2 to $4.5 range. The total order quantity is about 2.6 million shares, nearly covering its entire position. During the order creation period, CXMT's price fluctuated between $6.53 and $6.58.

Hyperliquid data shows that when the A-share opening price was formed at 9:25, CXMT was reported at approximately $7.108; when continuous trading began at 9:30, CXMT's corresponding opening price was $7.123.

The weighted average price of the aforementioned take-profit orders is approximately $3.211, which is 54.9% lower than the 9:30 opening price. Among them, the highest take-profit level at $4.5 is 36.8% lower than the opening price, and the deepest level at $2 is 71.9% lower; 64.2% of the take-profit orders are placed below $3.561, meaning over 60% of the positions are waiting for CXMT to halve from its listing opening price before closing.