CXMT kicks off its STAR Market IPO subscription today at 8.66 RMB/share ($1.28), raising $57.9B — the largest semiconductor IPO in A-share history. But the real buzz is on-chain. Hyperliquid's CXMT perpetual contract hit $23M OI in just 5 hours, surpassing HOOD and MSTR. The implied valuation of ~$535B represents a 500%+ premium over IPO price, with 24H volume reaching $25.7M. One whale deposited $75.3M USDC in the past week and is building a long position. The community is calling it "on-chain pricing for China's memory champion." Gate now offers CXMT/USDT perpetuals with 1-10x leverage for both long and short positions. Worth watching before the July 27 listing. 👉Trade now







120,97K Phổ biến
3,18K Phổ biến
78,57K Phổ biến
7,78M Phổ biến
303,86K Phổ biến
204,99K Phổ biến
822,39K Phổ biến
34,44K Phổ biến
341,67K Phổ biến
45,18K Phổ biến