A newly created wallet has deposited $10 million USDC into the Hyperliquid platform to initiate a short position on $CXMT. The wallet has already opened a 1x short on 514,357 $CXMT, valued at approximately $3.8 million. Additionally, limit orders have been placed to expand the short position by another 490,000 $CXMT, worth $4.17 million, with target prices set between $8 and $9.