BlockBeats reported on August 12 that, according to Lookonchain, the whale address 0xf292 has opened a 1x leveraged short position on 2.9 million CXMT, with the position worth approximately $22.57 million. The trade is currently showing an unrealized loss of $3.67 million. In addition, the whale has already paid more than $3.4 million in funding fees, which roughly translates to $170,000 per day on average.
BlockBeats, August 12 — According to Lookonchain, whale address 0xf292 is shorting 2.9 million CXMT with 1x leverage. The position is valued at roughly $22.57 million and has an unrealized loss of $3.67 million.
The whale has cumulatively paid over $3.4 million in funding fees. On average, that works out to about $170,000 per day.
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