A whale has gone long on 20,000 CXMT with 5x leverage and has already made a profit of approximately $44,000.

Foresight News reported, according to Lookonchain monitoring, a Hyperliquid whale with $75.4 million in funds is currently going long on CXMT. This whale opened a 5x leveraged long position for 20,000 CXMT at a price of $6 (worth approximately $164,000), and has so far made a profit of about $44,000. In addition, the whale has set limit orders between $5.8 and $7.2 to increase their long position on CXMT.