CXMT Continues to Rise Past $8 on Fifth Day Since Listing, Certain Short Whale's Unrealized Losses Exceed $6 Million

TechFlow reports that on July 31, according to monitoring by on-chain analysis platform Lookonchain (@lookonchain), $CXMT price continued to climb on its fifth trading day since listing, breaking through $8, with longs temporarily gaining the upper hand in this round of trading.

On-chain data shows that whale address 0xf292 holds a short position of 2.9M $CXMT (approximately $23.54 million), currently facing an unrealized loss of $4.67 million, and has paid a cumulative $1.42 million in funding fees, totaling losses exceeding $6.09 million; while whale address 0x9a80 holds a long position of 1.63M $CXMT (approximately $13.27 million), currently facing an unrealized profit of $2.46 million, and has received a cumulative $823,000 in funding fee income.