Changxin Technology experienced a price anchoring deviation on its first day, with the Hyperliquid reference price trading at a 5.13% discount to the A-share price.

July 27th, according to Hyperinsight Monitoring, as of the time of writing, Changxin Technology (688825.SH) A-share was reported at 49.50 yuan. At the same time, on Hyperliquid, the CXMT contract oracle price was reported at $7.31, and the mark price was reported at $6.97:

The mark price is $0.3345 lower than the oracle price, a discount of 4.57%;

The mark price is $0.3771 lower than the A-share conversion price, a discount of 5.13%.

After conversion to RMB, the Hyperliquid mark price is approximately equivalent to 46.96 yuan, which is about 2.54 yuan lower than the actual stock price of Changxin Technology; the oracle price is approximately equivalent to 49.21 yuan, with only a 0.29 yuan difference from the actual stock price.