A short position tied to CXMT was fully liquidated after the token’s price suddenly moved higher, according to monitoring data from Lookonchain. The position belonged to trader 0x517b and totaled 272,505 CXMT. Lookonchain said the wiped-out position was worth $1.8 million. The reported loss on the trade came to $249,000. The move was flagged in an Odaily newsflash citing on-chain monitoring from Lookonchain, with the liquidation attributed to a sharp upward price move in CXMT.
Trader 0x517b’s short position in CXMT was fully liquidated after the token’s price suddenly rose, according to Lookonchain.
The monitored position totaled 272,505 CXMT. Lookonchain said the position was worth $1.8 million, with a reported loss of $249,000.
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