Today, the absolute focus of the market is undoubtedly the IPO of Changxin Technology (CXMT) on the STAR Market. Even well-known streamers have shared screenshots on social media showing their lottery wins of 2,000 shares, sighing: "To earn a few tens of thousands, I lost hundreds of thousands; this year, a loss of 4.16 million was exchanged for such a lot of IPO quota."

Indeed, to participate in this feast of Changxin Technology, the threshold is astonishingly high: you need to have a capital requirement of 500,000 yuan for opening a STAR Market account, and you also need to bear the T+1 trading restrictions.

However, while retail investors are still worried about the "IPO lottery win rate" and "500,000 threshold," smart money from around the world has already gone wild in another parallel universe.

Holding over 100 million USD! Foreigners are frantically grabbing chips on Hyperliquid

According to a well-known crypto KOL, on the decentralized derivatives trading platform Hyperliquid, the perpetual contract open interest for Changxin Technology (CXMT) has strongly surpassed 100 million USD, with a 24-hour trading volume reaching as high as 128 million USD.

A large amount of overseas capital that cannot participate in China's STAR Market poured into Changxin Technology's on-chain trading market this morning at a price of 6.8 USD (approximately 46 yuan).

This is not the first time foreigners have shown extreme enthusiasm for Changxin Technology. Back in mid-July, when the contracts for Changxin Technology were just launched on Hyperliquid, overseas large orders once pushed its valuation to an astonishing 3.8 trillion yuan. In contrast, the valuation for tomorrow's IPO by Chinese investors on the STAR Market is only 579.2 billion yuan.

Why are overseas funds so thirsty? The answer lies in reports from top investment banks: Nomura Securities previously gave a bullish target price of up to 116 yuan (approximately 17 USD) for Changxin Technology. Currently, the trading price on Hyperliquid is only around 7.4 USD, which means that foreigners see over 100% upside potential.

Dimensional reduction attack: Four absolute advantages of on-chain trading

The popularity of Changxin Technology on Hyperliquid is not only due to the influx of overseas funds but also because of the "dimensional reduction attack" that the on-chain trading mechanism poses to traditional financial markets.

As community comments say: "Compared to the 500,000 yuan capital requirement to open the STAR Market, Hyperliquid can leverage up to 5 times and use T+0."

Here, you don’t have to endure cumbersome account opening reviews, nor do you need to gather the 500,000 verification requirement. Whether you have 100 USD or 100,000 USD, any amount opens freely, allowing for bilateral trading, truly returning the power of trading to every ordinary investor.

Strong technical rebound: How to grasp the best entry timing?

From the latest AiCoin K-line data, the CXMT/USDC perpetual contract is currently in a very strong bullish trend.

After experiencing a phase low of 5.9640 USD on July 26, CXMT has welcomed a sharp rebound. On the morning of July 27 at 10 AM, the price surged from 6.8100 USD to a high of 7.4556 USD, with the daily increase nearing 20%.

What’s more notable is that the MACD indicator (12,26,9) has formed a clear upward golden cross (DIF: 0.1484, DEA: 0.0352), and the bullish volume bars are continuing to expand. Accompanied by a significant surge in trading volume (estimated to exceed 10 million), this round of chip-grabbing led by overseas funds seems to have just begun.

Smart people's choice: Use AiCoin to mine on Hyperliquid

Facing a globally focused cross-border asset like Changxin Technology, traditional stock trading software cannot view on-chain data, and ordinary crypto wallets lack professional K-line analysis. How can one take the initiative in the volatile market?

The AiCoin mobile app offers you the perfect solution:

1. Rapid market data, accurate to the millisecond: AiCoin deeply integrates with Hyperliquid's underlying data, providing you with a seamless K-line experience comparable to top CEXs, helping you accurately capture every opportunity for CXMT.
2. Long and short positions, clear at a glance: Want to know if foreigners are selling at highs or continuing to increase positions? With AiCoin's open interest monitoring and major order alerts, fund movements are fully visible.
3. Seamless trading, one-click access: Say goodbye to cumbersome web operations; securely connect to Hyperliquid within the AiCoin App, and adjust leverage or set take-profit and stop-loss anytime, anywhere.

In this era of global financial resonance, do not let the 500,000 threshold limit your wealth imagination.

With foreigners scrambling over Changxin Technology, are you ready to get on board?

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The content of this article only represents the author's personal opinion and does not represent the position of this platform. The views, conclusions, and suggestions in the text are for reference only and do not constitute any investment advice related to this platform. Investing in US stocks still requires self-assumption of market risk, regulatory risk, and compliance with local laws and regulations (especially foreign exchange control, overseas investment declaration, etc.).

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