「Whale Discovery」: Longxin Storage Whale Puts Up $8.32 Million Sell Order, Exceeding CXMT's Daily Trading Volume

BlockBeats News, July 20th, according to Hyperinsight Monitoring, the price of the CXMT token on Hyperliquid was reported to be $6.7274, a decrease of about 6.97% from the previous day, with a low of $6.62, and a 24-hour trading volume of approximately $6.837 million. At the time of CXMT's decline, the largest bearish whale with address starting with 0xf292 continued to maintain a large-scale rebound and added more short positions.

Yesterday afternoon, the address placed 100 non-reducing liquidation sell orders in the price range of $7.50 to $9.00, totaling about 1 million units, with a total order amount of around $8.3228 million, and a weighted average order price of approximately $8.32. The order size has exceeded all of CXMT's trading volume in the past 24 hours. The lowest price tier of $7.50 is about 11.5% higher than the current price, and the weighted average order price is about 23.7% higher than the current price.

At the time of writing, the address is currently shorting 18.84 thousand units of CXMT with 1x leverage, with a position value of approximately $1.2672 million, an entry price of $6.8567, and a liquidation price of around $12.4847; with an unrealized profit of about $24.4 thousand and a return rate of approximately 1.89%.

If all the sell orders above are filled, their short position will expand to approximately 118.84 thousand units, which is 6.3 times the current size, and the overall entry price is expected to rise to around $8.09, corresponding to a nominal size of approximately $9.615 million.

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