According to on-chain analytics platform Lookonchain (@lookonchain), on its fifth trading day, $CXMT’s price continued to rise, breaking above $8, with bulls currently holding the upper hand in this round of market dynamics. On-chain data shows that whale address 0xf292 holds a short position of 2.9M $CXMT (approximately $23.54 million), currently suffering an unrealized loss of $4.67 million and having paid a total of $1.42 million in funding fees, resulting in combined losses exceeding $6.09 million. Meanwhile, whale address 0x9a80 holds a long position of 1.63M $CXMT (approximately $13.27 million), currently realizing an unrealized profit of $2.46 million and having accumulated $823,000 in funding fee income.
CXMT price exceeds $8 on its fifth trading day as whale suffers over $6 million in losses
TechFlowShare
Summary
Whale activity intensified as the $CXMT price rose above $8 on its fifth trading day. The whale address 0xf292, holding 2.9 million tokens, is facing a $4.67 million loss and $1.42 million in financing fees. Meanwhile, whale address 0x9a80 gained $2.46 million with $823,000 in fees earned.
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