CXMT surpasses $8 five days after launch, with one short whale incurring losses of over $6 million

According to monitoring by Lookonchain, the price of $CXMT surpassed $8 on its fifth day after launch. On-chain data shows that whale address 0xf292 holds 2.9 million $CXMT (approximately $23.54 million) in short positions, with an unrealized loss of $4.67 million and paid $1.42 million in funding fees, resulting in a total loss of over $6.09 million; whale address 0x9a80 holds 1.63 million $CXMT (approximately $13.27 million) in long positions, with an unrealized profit of $2.46 million and received $823,000 in funding fee income.