Odaily Planet Daily reports, according to Lookonchain monitoring, Changxin Technology has entered its fifth trading day, with the price rising above $8, and long positions currently hold the upper hand in the market. One whale shorted 2.9 million Changxin Technology tokens, valued at $23.54 million, and is currently suffering a loss of $4.67 million while paying $1.42 million in funding fees; another whale went long on 1.63 million Changxin Technology tokens, valued at $13.27 million, and is currently profiting $2.46 million while receiving $823,000 in funding fees.
ChangXin Tech Surpasses $8; Short Whale Loses $4.67M, Long Whale Gains $2.46M
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Summary
Whale activity on ChangXin Tech intensified as the price surpassed $8 on its fifth trading day. A whale shorted 2.9 million tokens, valued at $23.54 million, incurring a $4.67 million loss and paying $1.42 million in funding fees. Whale activity also included a long position of 1.63 million tokens, worth $13.27 million, generating a $2.46 million profit and $823,000 in funding fees.
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