SmartChart Launches On-Chain Contract, Single-Day Spike Followed by Pullback, On-Chain Short Sellers Short 5x Leverage Intraday

June 22: Per HyperInsight monitoring, ZHIPU is trading at $314.44 on Hyperliquid as of press time. The token has declined approximately 10.35% over the past 24 hours and 9.91% over the last 12 hours. Its 24-hour on-chain trading volume stands at around $16.87 million, with open interest sitting at roughly $9.22 million. During today’s session, the price dropped from $350.75 to $283.79 before bouncing back. On Hyperliquid, a trader opened a 2x ZHIPU short position today, with the position value totaling about $770,000. The average entry price for the position is $313.89, and the current mark price is roughly $308.69. The combined size of the top 10 largest ZHIPU positions on the platform is approximately $4.57 million: long positions make up roughly $2.25 million, while short positions account for around $2.32 million, leaving long and short exposure nearly balanced. Additional context: ZHIPU’s prior price rally was mainly fueled by the U.S. restricting access to Anthropic’s advanced AI models, plus rising expectations for Chinese open-source AI alternatives. Reports indicate ZHIPU’s Hong Kong-listed shares once surged by about 48% in a single trading day. The release of GLM-5.2 and the company’s planned listing on China’s Sci-Tech Innovation Board also boosted trading activity. Address: 0x48d826da83e69844f2f84b2db50703a933d137a2