CXMT pre-IPO price discovery on Hyperliquid
Zheng Jie Lim · Artemis · Data as of
This historical case study compares the CXMT pre-IPO perpetual market on Hyperliquid with the opening price in Shanghai. It looks at how a continuously traded derivatives market priced an event in a traditional equity market.
The main chart follows implied valuation before the opening bell. An inset focuses on the final hour, highlighting the observation one minute before the Shanghai market opened.
Sources and context
The graphic records a specific July 2026 event. Its implied valuations and opening-price comparison belong to that historical period. This page preserves the original research and artwork.
Source credits in the original: Artemis and the Hyperliquid xyz:CXMT perpetual market on trade.xyz.