$CXMT was a generational long 🔥
Time to long Minimax?

ChangXin Memory Technologies (Derivatives) (CXMT)
ChangXin Memory Technologies (Derivatives) CXMT سجل الأسعار USD
امتلك CXMT الآن
اشترِ وبع CXMT بسهولة وأمان على BitMart.ChangXin Memory Technologies (Derivatives) رؤى X
Pre‑IPO @tradexyz CXMT market tracked open trading price near perfectly...
even i am impressed
CXMT's biggest short is getting crushed. The #1 CXMT short on Hyperliquid is now sitting on a massive $3.06M unrealised loss.
The whale behind 0xf292 currently holds 2.6M CXMT, worth around $19.85M, with an average entry price of $6.4083.
And the funding costs are starting to hurt too. After the price feed switched to real trading prices, the funding multiplier returned to 0.5. In just 2 hours, the trader has already paid around $45K in funding fees.
If this was simply a hedge, you'd expect the position to have been closed much earlier. So the big question is:
Why is this whale still holding the short while the losses and funding costs keep piling up?
Address: 0xf2925cb0779a741fe33037cbd88fca5382e41244