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











2.07M درجة الشعبية
48.83K درجة الشعبية
78.49K درجة الشعبية
131.4M درجة الشعبية
819.41K درجة الشعبية
2.29M درجة الشعبية
91.29K درجة الشعبية
204.59K درجة الشعبية
148.17K درجة الشعبية
34.21K درجة الشعبية