Odaily reported, citing on-chain analyst Yu Jin, that the largest short position tied to ChangXin Memory Technologies, or CXMT, added to its bet as the storage segment rebounded tonight. The trader first opened the short one day before CXMT’s IPO and has increased the position several times since then. The address now holds a CXMT short position worth $22.26 million and is sitting on an unrealized loss of $4.06 million. The update focuses on the latest position change and the current paper loss observed on-chain.
Odaily reported, citing on-chain analyst Yu Jin, that the largest short seller in ChangXin Memory Technologies added to the position as the storage segment rebounded tonight.
According to the monitoring update, the trader opened the short one day before CXMT’s IPO and has added to it multiple times. The position now stands at $22.26 million, with an unrealized loss of $4.06 million.
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