A live market priced CXMT's 472% IPO pop before Shanghai opened
Where the perp priced the open, how close it landed, and how the wallets with the best records were positioned into the print.
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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