A live market priced CXMT's 472% IPO pop before Shanghai opened
Wallet-level positioning into a 472% open, with the perp priced before the Shanghai bell.
CXMT opened 472% above its offer price on July 27. A Hyperliquid perpetual had priced most of that gap before the bell, and wallet-level data shows who was positioned going in.
Informational only. Not investment advice.
By Elton Shehdula, Head of Research @Allium
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