China's $CXMT memory IPO is expected pop 550% in one day, according to Hyperliquid / Trade?
I didn't know this is how Chinese IPOs work. What a scam for insiders, and what a gift for HL. This is my LLM due diligence—please correct me if I'm wrong.
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Trade/HL pre-IPO perp market linked below; product spec is on Trade's doc site. It took me 20min trying to figure out how it was possible for an IPO to be priced like this. Bankers and insiders really getting paid here.
app.hyperliquid.xyz/trade/xy…
Jul 15, 2026 · 9:13 AM UTC
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