Changxin Technology surged 5%, with a market value exceeding 4 trillion. Short-selling whales incurred a loss of 10.82 million dollars in a month

According to on-chain analyst Yu Jin's monitoring, as Changxin Technology (CXMT) surged 5% to reach a market value of 4 trillion yuan, the largest short seller who shorted the day before Changxin's listing has incurred losses of up to 10.82 million dollars.

This whale has held the position for a month, shorting 2.9 million shares of $CXMT at 6.5 dollars, which is now at 8.6 dollars. The price loss is 6.3 million dollars, and the funding fees already paid amount to 4.52 million dollars.