Asset Intelligence / Hyperliquid Context
CXMT
Market guides and dated reports for CXMT. Browse recent coverage below or use the archive pages to find older articles.
CXMT references 1 CXMT Corporation A-share (SSE STAR: 688825). The oracle converts the CNY share price to USD at the prevailing offshore USD/CNH rate. CXMT Corporation, operating as ChangXin Memory Technologies, is a Chinese developer and manufacturer of DRAM chips.
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Archive Summary
Latest Archived Thesis
CXMT's Pre-IPO Perp Sheds Part of Its 526% Premium
CXMT's Hyperliquid perp fell 12.76% over 24 hours to $7.25, but the number that matters is the one it's falling from. The contract had traded near $8, roughly 526% above the RMB 8.66 price ChangXin Memory just set for its Shanghai IPO. Nothing broke at the company: its IPO is heavily oversubscribed and first-quarter revenue reportedly rose about 700% year over year. This is an access-scarcity premium starting to deflate ahead of the July 27 listing, when the oracle pegs the perp to the real A-share price and the basis has one way to resolve.
Archive
CXMT Article Archive
CXMT's Pre-IPO Perp Sheds Part of Its 526% Premium
CXMT's Hyperliquid perp fell 12.76% over 24 hours to $7.25, but the number that matters is the one it's falling from. The contract had traded near $8, roughly 526% above the RMB 8.66 price ChangXin Memory just set for its Shanghai IPO. N…
How to Trade CXMT (ChangXin Memory) on Hyperliquid
CXMT is a HIP-3 perpetual on Hyperliquid that tracks the market-implied US-dollar value of a single A-share of ChangXin Memory Technologies, China's largest DRAM maker and the world's fourth-biggest memory producer. The contract went liv…
CXMT's Perp Prices China's DRAM Champion at 6x Its Shanghai IPO
CXMT's Hyperliquid perp jumped 25.67% to $7.54 as ChangXin Memory priced China's biggest chip IPO since SMIC — RMB 8.66 per share, an $8.55 billion raise, and a July 27 Shanghai listing. But the perp values the DRAM maker north of $500 b…
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