BlockBeats reported on July 30, citing monitoring by EmberCN, that the largest on-chain short seller of CXMT, or ChangXin Memory Technologies, added to the position again as storage-related names staged a sharp rebound during the evening session. The address had first opened the short one day before CXMT’s IPO and has increased the bet several times since then. The position is now valued at $22.26 million. According to the same monitoring data, the trader is currently sitting on an unrealized loss of as much as $4.06 million. No additional details about the wallet identity or trading venue were disclosed in the brief update.
According to BlockBeats on July 30, citing EmberCN monitoring, the largest on-chain short seller of CXMT, or ChangXin Memory Technologies, added to the position again as storage-related names surged in a rebound during the evening session.
The address opened the short one day before CXMT’s IPO and has raised the position multiple times since then. The CXMT short is now valued at $22.26 million, with an unrealized loss reaching $4.06 million.
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